Here are today’s trends to watch from Curve Market Cap:
Sad news for DeFi this morning, as an $11MM hack hit Yearn.


yearn.finance @iearnfinance
We have noticed the v1 yDAI vault has suffered an exploit. The exploit has been mitigated. Full report to follow.The Yearn team was very prompt in addressing the situation within 10 minutes:


The hacker got away with $2.8MM of this $11MM for their efforts, although Tether put a freeze on the Tether portion of the funds:

yearn.finance @iearnfinance
We have noticed the v1 yDAI vault has suffered an exploit. The exploit has been mitigated. Full report to follow.A claim has also been filed on Cover:

The remainder of the $11MM? Much of it ran through Curve as part of the hack.





Igor Igamberdiev @FrankResearcher
Ok, new DeFi exploit. Victim: - @iearnfinance Attacker profit: - 513k DAI - 1.7M USDT - remaining 506k 3CRV (~$1) To obtain such a profit, the attacker executed 11 transactions. Below is a very superficial explanation of what was happening in these transactions👇Curve was surely not behind the hack, but it ended up being the Curve community made out like bandits, with Curve stakers pocketing more than the hacker:


banteg @bantg
Yearn DAI v1 vault got exploited, the attacker got away with $2.8m, the vault lost $11m. Deposits into strategies disabled for v1 DAI, TUSD, USDC, USDT vaults while we investigate. https://t.co/1RWYyu0d5mCheck out the wild stats on 3pool:
While there’s no way for Curve to automatically return the funds, some in the community have called for voluntary donations to those affected. If we observe any such program being implemented we’ll update here.
For more info, check our live market data at https://curvemarketcap.com/ or our subscribe to our daily newsletter at https://curve.substack.com/. Nothing in our newsletter can be construed as financial advice. The author performs development work for Curve compensated partly in $CRV, all content is otherwise independent.
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