DeFi Platform Yearn Loses Large Portion of Treasury in Token Swap Mistake
By:Cointime
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%.
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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.
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