Browsing: liquidity pool attack

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Yearn Finance yETH Vulnerability: Attack and Recovery Details

The recent Yearn Finance yETH vulnerability has raised significant concerns within the decentralized finance (DeFi) community, as attackers exploited a flaw in the protocol’s stableswap liquidity pool, leading to a staggering loss of approximately $9 million.Detailed findings from Yearn Finance reveal that attackers executed a series of complex operations that allowed them to mint LP tokens infinitely, resulting in the theft of assets meant for liquidity provision.