Digital Asset
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Security Incident

Yearn Finance Affected by Euler Finance Attack: $1.38M Reported Loss

·Historical incident record

Incident Overview

Yearn Finance tweeted: “While there is no direct exposure to Euler, some vaults are indirectly exposed to the hack. Vaults using the Idle and Angle strategies have a combined exposure of $1.38 million on yvUSDT and yvUSDC. The developers are currently actively working on the affected protocol, any remaining bad debt will be borne by the Yearn Treasury, and all vaults will remain open and fully operational for users as usual." On May 3, Yearn Finance tweeted that all funds impacted by the march Euler hack have now been recovered. The affected vaults were yvUSDC & yvUSDT, with these strategies having indirect exposure: Idle Finance v4 [Best yield] and Angle Standard LP.

Sources & References

Original incident referencehttps://twitter.com/iearnfinance/status/1635312188712792065 (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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