Yearn Finance V1 experienced a flash loan attack, with the hacker successfully extracting approximately $300,000. According to on-chain data tracking, the attacker has exchanged some of the stolen funds for 103 ETH, and the asset flow has been locked. This incident once again sounds the alarm—even long-established leading DeFi projects still face objective smart contract risks. From a technical perspective, the uncollateralized nature of flash loans remains a core vulnerability in the DeFi ecosystem. Investors and developers need to evaluate contract audit reports and risk control mechanisms more cautiously.
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Agai
· 9h ago
I am watching keenly
Reply0
GateUser-1c8a1331
· 18h ago
Watching Closely 🔍
Reply0
MetaReckt
· 12-17 08:44
300,000 dollars for this? Yearn is such a big project and still gets hit; the flash loan trap really needs to be fixed.
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ColdWalletGuardian
· 12-17 08:43
Yearn is experiencing another crisis? This is still version 1. I was just saying that even top projects can't be fully trusted, and audit reports can't save them.
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AirdropHarvester
· 12-17 08:40
It's Yearn again, this time directly cut by a flash loan of $300,000... LOL, even top projects can't withstand it.
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Layer2Arbitrageur
· 12-17 08:32
flash loans are the ultimate exploit vector lol. yearn getting hit proves even audited contracts have blind spots. the real question isn't if it happens again, it's when. those 103 eth tell the whole story—perfectly fungible, totally traceable, yet somehow still moving. classic.
Yearn Finance V1 experienced a flash loan attack, with the hacker successfully extracting approximately $300,000. According to on-chain data tracking, the attacker has exchanged some of the stolen funds for 103 ETH, and the asset flow has been locked. This incident once again sounds the alarm—even long-established leading DeFi projects still face objective smart contract risks. From a technical perspective, the uncollateralized nature of flash loans remains a core vulnerability in the DeFi ecosystem. Investors and developers need to evaluate contract audit reports and risk control mechanisms more cautiously.