Aave: The Yearn Finance theft incident has no impact on Aave v2 and v3

2023-04-13 15:30:56
Collection

ChainCatcher message, Aave stated on its social platform that the Yearn Finance theft incident has no impact on Aave v2 and v3. Since Aave V1 has been frozen since December 2022, the effect of this attack on the protocol is limited. Aave is closely monitoring the situation to ensure there are no further issues.

Previously, there was community feedback that the Yearn Finance theft incident was triggered by hackers launching a flash loan attack through Aave v1. The Shield team indicated that the root cause of the incident may be a configuration error related to yUSDT that was exploited by hackers. (source link)

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