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Yearn Finance V1 suffers hundreds of thousands of dollars in theft
According to recent reports from the cryptocurrency news platform PANews, the decentralized finance (DeFi) protocol Yearn Finance V1 was targeted by hackers, resulting in a loss of approximately $300,000.
Analysis of monitoring data shows that the attacker converted the stolen funds into Ethereum (ETH) and transferred the funds to the current address 0x0F21...4066 in the form of 103 ETH. This series of movements confirms that the attacker is holding the stolen funds in a traceable form on the blockchain. Security incidents in DeFi protocols serve as a warning to the entire industry, and users of protocols including Yearn Finance are advised to exercise increased caution in managing their funds.