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‘We Want You to Hack Us’ Yearn Finance Challenges Hackers

Published 26/07/2023, 14:49
© Reuters. ‘We Want You to Hack Us’ Yearn Finance Challenges Hackers

  • Yearn Finance invited followers to hack them and opened permissioned functions on its vault.

  • After an $11 million exploit in April, yUSDT’s misconfiguration was identified as the attack source.

  • Yearn’s Total Value Locked (TVL) declined 94%, now ranking 24th at $431 million.

Earlier today DeFi protocol Yearn Finance turned the tables on its hackers and invited its followers to hack them. “We’ve even opened up almost all permissioned functions on the vault,” announced the platform while adding the link to its vault.

In April, Yearn Finance lost over $11 million worth of stablecoins to an exploit. Subsequently, blockchain security companies reported that the misconfigured stablecoin yUSDT of Yearn Finance was the source of the attack. Moreover, Peckshield confirmed that the hacker effectively utilized this weakness to generate an astounding amount of yUSDT, specifically 1,252,660,242,212,927.5, with only 10,000 USDT as …

The post ‘We Want You to Hack Us’ Yearn Finance Challenges Hackers appeared first on Coin Edition.

The post ‘We Want You to Hack Us’ Yearn Finance Challenges Hackers appeared first on Coin Edition.

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