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The non-binding poll seeks to do a temperature check of sentiment toward launching yETH.

An early version of the DeFi protocol Yearn Finance, known as iearn, experienced an exploit today, resulting in a loss of $11.6 million, reported PeckShield. The attacker obtained a variety of stablecoins, including (CRYPTO: DAI), (CRYPTO: USDC), (CRYPTO: BUSD), (CRYPTO: TUSD), and (CRYPTO: USDT), according to LookOnChain.

The exploiter paid back Aave users' USDT debts on its V1 markets, making the total USDT borrowed stand at zero.

DeFi stalwart Yearn Finance was the target of a dizzyingly complex attack early Thursday that resulted in a roughly $11.6 million stablecoin haul for the culprit. 

The hacker has already transferred 1,000 Ether, worth almost $2 million, to the crypto mixer Tornado Cash.

The popular decentralized finance (DeFi) platform, Yearn Finance, was recently hacked using the open-source liquidity protocol, Aave. Per the on-chain data, the hacker has already moved more than $11.5 million in stablecoins.

An attacker minted 1.2 quadrillion tokens by exploiting a Yearn vulnerability, selling them for $11.6 million in stablecoins.

In a recent tweet by Lookonchain, it has been revealed that Yearn Finance and Aave, two popular DeFi platforms, have fallen victim to a flash loan attack that has cost them over $10 million in stablecoins such as USDC, USDT, TUSD, and BUSD.

DeFi platform Yearn Finance has suffers a flash loan attack, with millions of funds withdrawn by the hacker. The exploit is concentrated on Aave V1 liquid protocol, blockchain security firm PeckShield reported on Thursday.

'Misconfigured' vulnerability likely impacted DeFi protocols Yearn Finance and Aave today, according to security company PeckShield.

Decentralized finance (DeFi) protocols Aave and Yearn Finance are suffering from an ongoing flash loan attack at the time of writing, Pechshield pointed out in a tweet. The exploiter has already drained over $10 million in stablecoins from the protocols, including over $3 million DAI, $2.5 million USD Coin (USDC), $1.7 million BinanceUSD (BUSD), $1.

Two of Ethereum's most popular decentralized finance (defi) protocols, Aave and Yearn Finance, have been affected by an exploit, according to early reports this morning from blockchain security firm PeckShield. The company directed a tweet to Aave asking it to verify a specific transaction hash.

Yearn Finance has not provided any details regarding the extent of the exploit. 

Early reports from security firms suggest that an exploit involving the DeFi protocols Aave V1 and Yearn Finance has taken place.

The Yearn Finance project, a decentralized finance (DeFi) platform, has reportedly been attacked by flash loans resulting in hackers profiting more than 10 million US dollars.

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

Cointelegraph Markets Pro's VORTECS™ Score, NewsQuakes™, Tweet Volume and Most Active On-Chain indicators helped subscribers identify four profitable trades.

On 3 March, most cryptocurrencies reported losses, but Yearn Finance (YFI) appears to have broken free from the general trend. The price movement indicated that it was trading profitably, adding to the days when it had closed trades profitably.

YFI has managed to fend off bearish market forces with a 7% move to the upside as investors attempt to capitalize on the upcoming roll out of liquid staking derivatives (LSD).

The product is designed to offer users exposure to a basket of liquid staking derivatives in one token.

Yearn Finance (YFI) recently experienced its biggest volume of “whale transactions” in the past three months. So where do the protocol and YFI stand right now, and what could be in store with these whales' latest move?

Two transactions worth nearly $60m in YFI, the native governance token of Yearn Finance, a DeFi protocol, have been posted on the platform, Santiment data on Feb. 8 shows.

Threshold Network, a provider of cryptography services to unlock greater utility of digital assets, announced the launch of tBTC, the industry's “only” decentralized, permissionless, and scalable Bitcoin-to-Ethereum bridge.

The MakerDAO community has approved a proposal to deploy around $100 million worth of USDC into Yearn Finance.  The decision to deposit the funds on Yearn Finance will allow MakerDAO to earn an annual yield of around 2% on the stablecoin deposits.