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Hacker mints 1 quadrillion yUSDT after exploiting old Yearn Finance contract

Apr 13, 2023 · 1 min read · 62 points
Hacker mints 1 quadrillion yUSDT after exploiting old Yearn Finance contract
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Liquidity protocol Aave said it is aware of the transaction and confirmed that it did not impact Aave v1, v2 and v3.

Highlights

  • Hack allowed attacker to mint over 1 quadrillion Yearn Tether (yUSDT) from $10,000 in latest decentralized finance (DeFi) exploit.
  • Hackers then swapped the yUSDT to other stablecoins, allowing them to take hold of $11.6 million worth of stablecoins.
  • PeckShield said that the hacker has already managed to transfer 1,000 Ether (ETH) to the sanctioned cryptocurrency mixer Tornado Cash.
  • Liquidity protocol Aave said it is aware of the transaction and confirmed that it did not impact Aave v1, v2 or v3.
  • The DeFi protocol stated that the current Yearn.finance contracts and protocols are not affected by the exploit.
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hacker mints defi
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