Yearn's vault, which was in collaboration with a certain derivation protocol, encountered an issue and was hacked for 9 million dollars.

The attack method minted a massive amount of yETH through a vulnerability in the stable pool. Even established DeFi projects like Yearn can experience failures; the market is truly filled with hidden dangers everywhere. Fortunately, the official confirmation is that the V3 version vault on that side was not affected.

To be honest, I really don’t want to see this project fail—there aren’t many places in a bear market where you can steadily earn an annualized rate of 44% on deposits, and this yield is indeed top-notch. I hope the team can withstand this wave of impact and not disappoint us old users.

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DataPickledFish

· 18h ago

9 million is gone, this is really heartbreaking, can't even stop Yearn? --- How can such a basic error like a stable pool vulnerability occur? Luckily V3 is fine, otherwise what would happen to my principal? --- 44% annualized just disappeared like that, the market is really teaching lessons every day --- Old projects are flipping, who would still dare to trust? --- If the project dies after this wave, it would be really a pity, good returns are hard to come by in a Bear Market --- Is 9 million worth this protocol? Too ridiculous --- Fortunately, it only involves that vault version, otherwise it would all collapse --- There is no safe place in this market, really can't hold on --- If Yearn can flip, I need to reassess my vault --- Please don't cool off, everyone, this yield rate has no alternatives

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ProbablyNothing

· 18h ago

9 million is it? That's less than I expected... But the stable pool vulnerability is really outrageous, fortunately, V3 is fine.

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SandwichVictim

· 18h ago

9 million gone, this stable pool vulnerability is really something... Even established projects can crash like this, I don't even dare to look at my Wallet now. V3 is fine, but this wave indeed hits morale, a 44% yield is still attractive, it just depends on whether Yearn can hold on. Who would have thought, after playing with DeFi for so long, we still have to be on edge, it's always a scare. If this thing really goes doomed, it would be painful, there aren't many reliable high-yield places right now.

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GasSavingMaster

· 18h ago

9 million gone is really outrageous, how trashy is the loophole in the stability pool? Yearn's big brother has also fallen, I truly can't believe it, luckily V3 has escaped a disaster. Where can we find a 44% annualized return? In the storm of explosions, I still trust this veteran. I hope it’s not really doomed, otherwise we’ll have to pick a new treasury again. This market is ridiculous, just a small loophole can evaporate a million dollars.

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