DeFi Platform Yearn Loses Large Portion of Treasury in Token Swap Mistake
Yearn, a DeFi platform, has suffered a significant loss after mistakenly swapping all of its lp-yCRVv2 tokens for yvDAI. The platform has requested that those who profited from the mistake return the funds. Yearn has acknowledged that the mistake was caused by a logical error in the script used to swap tokens, which lacked sufficient output checks. The losses incurred by Yearn's treasury amount to approximately 63%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Price Rebounds Above $94K, Following New US Crypto Regulatory Framework Announcement
As the countdown for Trump administration debut begins, BTC's price recovered following yesterday's dip to $91,000 levels
CryptoQuant analyst signals Bitcoin’s dip as a prime accumulation opportunity
Leading Developers Challenge Ethereum’s Design, Urging a New Approach
Bitcoin Could Benefit from 2025 Inflation Surge, Says Fidelity’s Latest Analysis
Trending news
MoreCrypto prices
More
