Yearn Finance Contract Vulnerability: $9.00M Reported Loss
According to PeckShieldAlert on X, Yearn Finance suffered an attack in which the hacker drained the liquidity pool by infinitely minting yETH, causing losses of roughly $9 million.
- Reported loss
- $ 9,000,000
- Attack category
- Contract Vulnerability
Incident Overview
Approximately 1,000 ETH (about $3 million) was transferred to Tornado Cash, while the attacker’s address still holds around $6 million worth of crypto assets. On December 1, according to PeckShield’s monitoring, Yearn recovered 2.4 million USD by burning the pxETH held by the hacker. An equivalent amount of pxETH has been re-minted and returned to the Redacted Cartel multisig wallet.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.