Yearn Finance yETH Pool Hacked: $3 Million in Funds Stolen

A security breach has impacted Yearn Finance, resulting in a loss of approximately $3 million from its yETH pool. The attack involved the creation of an infinite supply of yETH tokens, leading to a significant drain on assets. Following the hack, attackers moved the stolen funds through Tornado Cash for obfuscation on November 23, 2023. This incident has raised concerns about potential cascading effects across interconnected DeFi protocols as traders fear a chain reaction due to Yearn’s reliance on other prominent platforms like Aave and Curve.