Yearn Attack Exposed as Phishing Attempt, Parallels Balancer Incident

SlowMist founder Yu Jian has confirmed that the ‘white hat negotiation’ messages circulating on-chain following the Yearn attack are fraudulent and part of a phishing scheme, mirroring the recent Balancer incident. Attackers utilized Railgun protocol to disguise their identities, carefully prepared a low-Gas address 28 days in advance, and executed the exploit. The ultimate goal: transferring a staggering 1,000 ETH through Tornado Cash. The attacker’s current wallet holds approximately $6 million worth of crypto assets.