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

  • Autonomous Worlds: The Ultimate Goal of Blockchain? 1 days ago
  • Have Cosmos and Polkadot Been Replaced? The Future of ATOM and DOT 4 days ago
  • Polygon AggLayer: Uniting Modular and Monolithic Blockchain Architectures 5 days ago
  • Bitcoin DeFi and Layer 2s: The Next Trillion-Dollar Opportunity? 15 days ago
  • Is the Crypto Bull Market Over? 16 days ago

    • You need to login to comment.