Yearn Finance Suffers $9 Million yETH Exploit, Partial Recovery Coordinated

first published 2025-12-01T01:17:30Z

Major cryptocurrencies fell in early Asian trading after Yearn Finance flagged an "incident" in its yETH liquidity pool. Social posts reported an attacker minted large amounts of yETH in a single transaction, drained the pool and stole roughly 1,000 ETH (~$3M), routing funds through mixers. Bitcoin dropped >3% toward $87,000 and Ether fell ~5%; SOL, DOGE and XRP were down over 4%. The event follows a recent hack of Korean exchange Upbit and underscores ongoing security gaps despite institutional inflows.

AI Analysis

The story reports a confirmed DeFi incident where an attacker minted yETH, drained the pool and stole ~1,000 ETH (~$3M), and markets reacted with multi-percent drops in BTC, ETH, SOL, DOGE and XRP; the theft was routed through mixers and occurred soon after another recent exchange hack (Upbit) — concrete exploit and immediate price moves point to bearish short-term market pressure.

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