ChainBleedv0.1 · open intel
← back to feed·LOGIC2023-04-13 · 3y ago
Incident · SLOWMIST

Yearn Finance

Contract Vulnerability
Estimated loss
$10.00M
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
LOGIC
LOGICBYTECODE CATCHABLEAI SCANNABLE
Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

▰ PROOF OF CONCEPT
DEFIHACKLABS
src/test/2023-04/YearnFinance_exp.sol
view forked test on github ↗

Reproducible Foundry test fork from SunWeb3Sec/DeFiHackLabs. Clone the repo, run forge test against the file path above, and replay the exploit against a mainnet fork at the historical block. Use for reproduction only — not for live targets.

Forensic narrative

The decentralized revenue aggregation platform Yearn Finance was attacked, and the hackers made more than $10 million in profits. According to the analysis of SlowMist, the reason for this attack is that the attacker used the yUSDT contract to set the fulcrum address by mistake, thereby manipulating the stablecoin reserve balance in the yUSDT contract, and depositing USDT in yUSDT to obtain a large amount of unexpected yUSDT Tokens for profit. Attack method (per SlowMist): Contract Vulnerability. Reported loss: $ 10,000,000.

Primary source
https://twitter.com/yearnfi/status/1646436798086672385
Sourced from
slowmist
Technical record
chain
protocol
Yearn Finance
bug_class
logic
date_occurred
2023-04-13
loss_usd
$10,000,000
source_id
sm:yearn-finance::2023-04-13
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