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

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.

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."

YFI