Yearn Finance has recovered $2.39 million of roughly $9 million stolen after a flaw was exploited in a custom yETH Stableswap pool. Recovery efforts are ongoing as teams trace funds and try to secure remaining assets.
Yearn Finance confirmed a breach of a custom yETH stableswap pool that resulted in about $9 million in losses. The protocol recovered roughly $2.39 million in pxETH and the incident highlights ongoing security risks in custom DeFi pools.
Yearn Finance reported on Sunday that its yETH product was under active exploit after an attacker minted an effectively unlimited amount of yETH and siphoned liquidity from Balancer pools. The protocol has reported the incident but a full loss estimate has not been disclosed.