After a November 30th exploit targeting a legacy yETH pool, Yearn Finance has successfully recovered $2.4 million from the incident. This action involved destroying the stolen pxETH tokens and reminting them to the Redacted Cartel multisignature wallet. The recovery was critical in minimizing potential long-term damage. Yearn’s governance token experienced price volatility following the event, but core products continued to operate securely, maintaining over $600 million of Total Value Locked (TVL). The exploit also impacted ETH derivatives and prompted Yearn’s governance compensation actions, highlighting community engagement and a focus on protocol security. 24 hours prior to this incident, ETH experienced notable price volatility, with trading volume increasing by 227.47%. However, the swift recovery strategy limited the financial impact of the exploit, unlike past similar incidents. The developer community and industry experts continue monitoring the situation through social media and discussions on governance proposals and security patches. However, there have been no official regulatory statements yet. The incident highlights a continued focus on enhancing protocol security measures within the DeFi sector.