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    <p>DeFi <a rel="noopener noreferrer nofollow" title="platform" href="https://thebittimes.com/tag/platform.html">platform</a> Yearn has lost a large portion of its treasury by swapping all of its lp-yCRVv2 tokens for yvDAI and has asked those who profited from the mistake to return it.</p>
    <p>In Yearn’s post-mortem published on Tuesday, it said the problem arose from inadvertently transferring the entire reserve of lp-yCRVv2 to the trading multi-signature wallet, and the script there attempted to swap the entire quantity, experiencing “significant slippage” in the process.</p>
    <p>“This amount comprised a large portion of the Curve pool, and therefore incurred significant slippage which arbed back to the normal price by the market shortly after,” Yearn said.</p>
    <p>The DeFi <a rel="noopener noreferrer nofollow" title="platform" href="https://thebittimes.com/tag/platform.html">platform</a> further described the losses, pointing out “<strong>the</strong> <strong>total loss experienced by Yearn’s treasury comes out to about 63%</strong>.”</p>
    <p>Yearn highlighted that “the script used by the trading multisig to swap tokens lacked sufficient output checks and contained a logical error that would have capped the trade size to a reasonable amount.”</p>
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      <blockquote class="wp-embedded-content" data-secret="jrGsLmiZfh">
       Multichain Protocol secretly restarts to another $1 million exploit
      </blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Multichain Protocol secretly restarts to another $1 million exploit” — Protos" src="https://protos.com/multichain-protocol-secretly-restarts-to-another-1-million-exploit/embed/#?secret=05skqwsmo7#?secret=jrGsLmiZfh" data-secret="jrGsLmiZfh" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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    <p><em>Read more: Curve <a rel="noopener noreferrer nofollow" title="exploit" href="https://thebittimes.com/tag/exploit.html">exploit</a> shows DeFi still far from decentralized in 2023</em></p>
    <p>Since the mistake, Yearn has begun attempts to reach out to traders who profited from Yearn’s mistake, noting on-chain that “one of yearns multisigs made a costly mistake last night that affected a critical source of yCRVs liquidity.”</p>
    <p>“We identified you as having made a profit off of this and are <strong>kindly requesting that you return as much as you see reasonable</strong> to yearns main multisig: ychad.eth. sorry we have to ask this, but hope you can understand.”&nbsp;</p>
    <p>At least one address seems to have decided to send 2 ether ($4,400) back to the treasury, but the rest seem to be waiting for now.&nbsp;</p>
    <p><em>Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;X,&nbsp;</em><em>Instagram</em><em>,&nbsp;</em><em>Bluesky</em><em>, and&nbsp;</em><em>Google News</em><em>, or subscribe to our&nbsp;</em><em>YouTube</em><em>&nbsp;channel.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/defi-platform-yearn-exploits-itself-begs-for-money-back-protos-tbt73595.html">https://thebittimes.com/defi-platform-yearn-exploits-itself-begs-for-money-back-protos-tbt73595.html</a></p>

DeFi platform Yearn exploits itself, begs for money back | Protos

TheBitTimes

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