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February 5, 2021: Yearn Hacked for $11MM 🕵️💰
Keep Ahead of the Curve
Here are today’s trends to watch from Curve Market Cap:
Sad news for DeFi this morning, as an $11MM hack hit Yearn.
The Yearn team was very prompt in addressing the situation within 10 minutes:
A claim has also been filed on Cover:
The remainder of the $11MM? Much of it ran through Curve as part of the hack.
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:
Check 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.