Yearn Finance Recovers Approximately ¥370 Million in Assets Following Hack

The decentralized finance (DeFi) protocol Yearn Finance announced on December 1st that, with the cooperation of the Plume and Dinero teams, it has recovered approximately $2.4 million (¥370 million) worth of assets stolen in a yETH-related hack.

According to a post by X on the protocol, the recovery efforts are still ongoing. All recovered assets are intended to be returned to the depositors who were affected. The total estimated damage from the hack is projected to be around $9 million (approximately ¥1.4 billion).

The attack occurred on November 30th, resulting in the outflow of assets from the yETH stableswap pool and the yETH-WETH pool. The attackers exploited vulnerabilities in the smart contract, effectively...