AAVE, Yearn Finance Loses $10 Million in DeFi-Exploit
The digital asset industry witnessed another hindrance today as DeFi protocols Aave and Yearn finance have been reportedly exploited. The hack led to a $10 million loss according to PeckShield. Additionally, the hack er retrieved a variety of stablecoins which included BUSD, USDC, TUSD, USDT, and DAI. Hi @AaveAave @iearnfinance, you may want to take a look: https://t.co/61wSYHqwvs — PeckShield Inc. (@peckshield) April 13, 2023 Afterward the incident Blockchain sleuth, Lookonchain revealed that a total of 3,032,142 DAI, 2,579,483 USDC, 1,785,091 BUSD, 1,512,528 TUSD, and 1,193,756 USDT which amounted to over $10 million was stolen by the exploiter. Source The community’s reaction to the incident was worrisome as several urged users to withdraw funds from Aave. Founder Marc Zeller hurried in to observe how the attack was concentrated on version 1 of the Aave protocol. Explaining that the network is currently investigating the attack, he tweeted, V1 was discussed for ...