[Chain News] Yearn recently completed a remarkable fund recovery operation. They successfully retrieved $2.4 million by destroying the pxETH tokens that were under the control of a hacker. This money did not just disappear — the same amount of pxETH has been re-minted and securely transferred to the Redacted Cartel's Multi-signature Wallet. This approach is quite clever as it addresses the security issue while ensuring the integrity of the assets.
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UncleWhale
· 12-01 13:23
Ha, this operation is still a bit interesting, the destroy and reforge trap combo is indeed elegant... but I just want to ask, is the multi-signature from the Redacted Cartel really reliable?
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ForkThisDAO
· 12-01 13:22
Haha, Yearn's operation this time is indeed amazing, the trap of burning and re-minting is truly a brain upgrade.
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Rekt_Recovery
· 12-01 13:17
ngl yearn pulling off a $2.4m recovery like that? respect the execution fr, not many protocols can actually recover from getting hit like this. burn and remint the tokens, move it to multisig... that's the cleanest way to handle it honestly.
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gas_fee_therapist
· 12-01 13:04
This operation is indeed impressive, the trap of destroying and re-minting is quite smooth.
Yearn recovers $2.4 million: Reissues after destroying Hacker Tokens
[Chain News] Yearn recently completed a remarkable fund recovery operation. They successfully retrieved $2.4 million by destroying the pxETH tokens that were under the control of a hacker. This money did not just disappear — the same amount of pxETH has been re-minted and securely transferred to the Redacted Cartel's Multi-signature Wallet. This approach is quite clever as it addresses the security issue while ensuring the integrity of the assets.