Yearn Finance DAI Vault ‘Has Suffered an Exploit’; $11M Drained
“Attacker got away with 2.8m, dai vault lost 11.1m,” a Yearn Finance developer posted in Discord.
The attack exploited Rari Capital’s integration with Alpha Finance Labs’ ibETH token.
The activity was first noticed in November, according to the report.
The attacks marks yet another exploit of a BSC-enabled DeFi protocol.
The decentralized finance platform said it expects $1.88 million of the stolen funds to be returned.
The exploiter used a fake contract to trick the dapp into thinking it was an Aave v2 update.