{"id":171650,"date":"2021-02-05T18:49:08","date_gmt":"2021-02-05T15:49:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/after-yearn-exploit-attacker-funds-frozen-and-reimbursement-plans-developing\/"},"modified":"2021-02-05T18:49:08","modified_gmt":"2021-02-05T15:49:08","slug":"after-yearn-exploit-attacker-funds-frozen-and-reimbursement-plans-developing","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/after-yearn-exploit-attacker-funds-frozen-and-reimbursement-plans-developing\/","title":{"rendered":"# After Yearn exploit, attacker funds frozen and reimbursement plans developing"},"content":{"rendered":"

“# After Yearn exploit, attacker funds frozen and reimbursement plans developing <\/strong>”
\n<\/p>\n

Following an exploit last night that cost yield vault project Yearn.finance $11 million in stablecoin DAI, crypto community members from multiple projects have rallied to mitigate the effects, reclaim exploited funds, and reimburse affected users.\u00a0<\/p>\n

First reported<\/a> by the project at 5:09 pm EST, the exploit was a complex arbitration attack on Yearn\u2019s version 1 DAI yield vault. According to a disclosure published<\/a> by Yearn this morning, the exploit \u2014 which featured over 160 nested transactions and has been called one of the most complex to date \u2014 netted the attacker $2.7 million in profits, and cost the vault $11 million in DAI.<\/p>\n

But, much like how Yearn core contributors are often among those who convene in the wake of other projects experiencing exploits, the crypto community is stepping in to help. <\/p>\n

Shortly after the vulnerability disclosure, stablecoin Tether CTO Paolo Ardoino announced in a Tweet that the company had frozen $1.7 million in stolen funds, which will presumably be returned to the project. <\/p>\n

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. @Tether_to<\/a> just froze 1.7M USDt stolen as part of the hack of Yearn DAI v1 vault.
More info here https:\/\/t.co\/MjGScEucQB<\/a><\/p>\n

\u2014 Paolo Ardoino (@paoloardoino) February 5, 2021<\/a><\/p><\/blockquote>\n