Funds theft at Yearn Finance… $300,000 in losses

Source
YM Lee

Summary

  • Yearn Finance V1 was hacked and about $300,000 worth of funds were stolen.
  • The stolen funds were confirmed to have been converted to Ethereum (ETH) and then moved to a specific address.
  • PeckShield said the attacker is holding the stolen 103 ETH at address 0x0F21…4066.
Photo=PeckShield alert
Photo=PeckShield alert

A hacking incident occurred at the decentralized finance (DeFi) protocol Yearn Finance V1, and approximately $300,000 worth of funds were stolen. The attacker reportedly converted the stolen funds into Ethereum (ETH) and moved them to a specific address.

On the 17th (local time), blockchain security firm PeckShield reported that the Yearn Finance V1 contract was attacked and a total of about $300,000 worth of funds was leaked. PeckShield said, "The attacker swapped the stolen funds for 103 ETH and those funds are held at address 0x0F21…4066."

YM Lee

YM Lee

20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
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