There has been another incident in the DeFi space!
Yearn has just confirmed that their yETH stable pool was hacked. The specific time was November 30 at 9:11 PM (UTC), and the attackers used a ruthless method—madly minting yETH tokens through a custom contract.
How much is the loss? About 8 million USD directly evaporated from the yETH pool, and another liquidity pool on a certain DEX also suffered, resulting in a loss of around 900,000 USD. In total, it adds up to nearly 9 million USD.
The team said this attack is very similar to a previous one involving a liquidity protocol, it seems the hacker has thoroughly understood this method. Yearn is currently dealing with the aftermath, and the specific compensation plan has not yet been released.
Recently, the stable pool has been frequently experiencing issues, and all DeFi players really need to pay attention to the risks. It is still safer to disperse large amounts of funds.
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AllInAlice
· 12-02 10:30
Here we go again, this time the Yearn yETH pool didn't hold up, and 9 million is just gone like that? It's really outrageous.
I just said that stable pools carry huge risks, and this is what happens when you go all in.
DeFi still has to be played, but money really needs to be diversified, don't bet on just one protocol again.
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GasWaster
· 12-02 07:44
ngl this is just yearn's gas fees vs hackers' gas fees, except the hackers actually optimized their tx better 💀
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SolidityStruggler
· 12-01 05:13
9 million gone? This is ridiculous... It's that custom contract again, hackers really understand the loopholes.
Yearn hasn't even come up with a compensation plan this time, just wait, it's definitely going to be another round of finger-pointing.
Oh my god, the stable pool is really not stable now, better to withdraw and put it in a Cold Wallet for peace of mind.
How many people will Get Liquidated this time... DeFi is just gambling.
Minting yETH? Alright, I don't dare to touch anything now.
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GateUser-1a2ed0b9
· 12-01 05:13
Another drama unfolds, Yearn is really in a bad place this time. 9 million is gone just like that, who would dare to throw money into the stable pool at this time?
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LuckyBlindCat
· 12-01 05:12
Here we go again? 9 million just disappeared like that, the Hacker really figured out Yearn.
In this day and age, even stable pools are not stable anymore, I think it's better to honestly hodl Spot.
How much will Yearn lose this time, the compensation plan will probably take a long time to wait for again.
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AllInDaddy
· 12-01 05:08
Here it is again, the hacker is treating the stable pool like an ATM.
Yearn took a hard hit this time, 9 million just disappeared like that.
I said it, having so much money in a single pool was bound to bring trouble sooner or later.
Who dares to all-in on a single protocol nowadays? I'm really amazed.
Learning from the last attack and still getting hit, where's Yearn's risk control?
Diversifying risk isn't just talk; it has to be taken seriously.
It seems I need to move my funds around, this is too scary.
Repeated vulnerabilities can still be exploited, the development team needs to reflect.
How can there still be people putting large amounts of money into yETH? Isn't that gambling?
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BlockchainWorker
· 12-01 05:02
Wow, here we go again, these hackers are really stepping up their game, their traps are becoming more and more sophisticated.
I just want to ask, those who still dare to stack money in stable pools are truly brave warriors.
9 million just disappeared, can Yearn make it up this time or is it just another way to fool us?
I've said it long ago, don't go all in on one pool, and now look what's happened, I sincerely advise everyone to diversify their allocations and not play like this.
This time it feels quite severe, custom contracts are directly printing coins, it's really hard to defend against.
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pumpamentalist
· 12-01 05:01
Another stable pool, this wave of 9 million is gone, oh my god... I have said before not to all in these new pools.
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TokenomicsTinfoilHat
· 12-01 04:45
Another one? Yearn lost 9 million this time, really, the stable pool is just a bomb now, I withdrew everything a long time ago.
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The hacker methods are all the same, the risk management in this circle is really poor.
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Diversified storage +1, concentrating in one pool is just gambling.
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Wait, will this time be like Luna and go to zero directly? Or can it be saved?
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The compensation plan hasn't come out yet, Yearn will have to haggle again.
There has been another incident in the DeFi space!
Yearn has just confirmed that their yETH stable pool was hacked. The specific time was November 30 at 9:11 PM (UTC), and the attackers used a ruthless method—madly minting yETH tokens through a custom contract.
How much is the loss? About 8 million USD directly evaporated from the yETH pool, and another liquidity pool on a certain DEX also suffered, resulting in a loss of around 900,000 USD. In total, it adds up to nearly 9 million USD.
The team said this attack is very similar to a previous one involving a liquidity protocol, it seems the hacker has thoroughly understood this method. Yearn is currently dealing with the aftermath, and the specific compensation plan has not yet been released.
Recently, the stable pool has been frequently experiencing issues, and all DeFi players really need to pay attention to the risks. It is still safer to disperse large amounts of funds.