Express

Yearn.Finance‘s Exploited YDAI Vault Is Restored Now

Mary Liu

Summary: After the vault was attacked and $11 million DAI lost last week, Yearn.Finance today announced that its yDAI vault has been restored. The screenshot of the transaction showed that $9.7 million of DAI were minted by collateralizing 1,591.53 YFIs from Treasury, making the yDAI vault whole. The team added: "Don’t count on it happening again. Make sure to ...

After the vault was attacked and $11 million DAI lost last week, Yearn.Finance today announced that its yDAI vault has been restored.

The screenshot of the transaction showed that $9.7 million of DAI were minted by collateralizing 1,591.53 YFIs from Treasury, making the yDAI vault whole.

The team added: "Don’t count on it happening again. Make sure to buy Cover next time."

By Mary Liu

Last Update:

Tags: ,,
Link: Yearn.Finance‘s Exploited YDAI Vault Is Restored Now   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 3 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 10 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 12 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 14 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 17 days ago

    • You need to login to comment.