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Yearn Confirms yCRV Unaffected by Recent yETH Attack

Yearn Finance asserts V2 and V3 Vaults, including yCRV products, remain secure following a targeted exploit on yETH.

Summary

Yearn Finance reported on December 1 that a recent attack targeting its yETH product did not impact its yCRV yield products. The protocol confirmed that both V2 and V3 Yearn Vaults are unaffected, aiming to reassure users of continued operational security.

Terms & Concepts
  • DeFi: Decentralized Finance, a blockchain-based financial ecosystem offering services without traditional intermediaries.
  • yETH: A yield-bearing Ethereum product by Yearn Finance, designed to generate returns for holders.
  • yCRV: A yield-bearing token by Yearn Finance that earns returns from Curve Finance liquidity pools.