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Monday, September 16, 2024

DeFi project Yearn Finance lost $ 11 million due to hacker attack


The criminal managed to withdraw cryptocurrency worth $ 2.8 million. The YFI token became known after last year it went up by 130,000% in 1.5 months.

Hackers attacked the DeFi project Yearn. Finance, as a result of which one of its pools lost $ 11 million worth of cryptocurrency.

The developers said that the criminal managed to withdraw $ 2.8 million by exploiting the vulnerability. Now the project team is investigating, at this time, deposits in the v1 storage in DAI, TUSD, USDC and USDT are disabled.


The Yearn. Finance project became famous for the multiple growth in the value of its YFI token last year. The coin appeared in mid-July, at the start of trading it was sold at $ 32. At the beginning of September, the altcoin set a historical maximum value of $ 44 thousand. For a month and a half, the growth amounted to 137,400%.


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