Yield Protocol Affected by Euler Finance Attack: $1.50M Reported Loss
Yield Protocol, a fixed-rate lending agreement, posted an update on Twitter saying: "All collateral deposited by borrowers on Yield Protocol appears to be safe.
- Reported loss
- $ 1,500,000
- Attack category
- Affected by Euler Finance Attack
Incident Overview
Collateral is not deposited into Euler, but is kept in Yield Protocol. Euler hack Affected our mainnet liquidity pool. The Yield liquidity pool holds two assets: Euler eTokens and Yield fyTokens. We do not yet have exact figures for the value of eTokens held prior to the attack, but believe the total value is less than $1.5 million. " On April 25, Yield Protocol tweeted that "we have successfully claimed the recovered funds from Euler. The funds are being held in the timelock. We are now taking the steps to restart Yield Protocol and to enable withdraws. We expect this complicated process to take several weeks to complete."
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.