ChainBleedv0.1 · open intel
← back to feed·2023-03-14 · 3y ago
Incident · SLOWMIST

Yield Protocol

Affected by Euler Finance Attack
Estimated loss
$1.50M
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
Undisclosed
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.

Forensic narrative

Yield Protocol, a fixed-rate lending agreement, posted an update on Twitter saying: "All collateral deposited by borrowers on Yield Protocol appears to be safe. Collateral is not deposited into Euler, but is kept in Yield Protocol. Euler hack Affected our mainnet liquidity pool. The Yield liquidity pool holds two assets: Euler eTokens and Yield fyTokens. We do not yet have exact figures for the value of eTokens held prior to the attack, but believe the total value is less than $1.5 million. " On April 25, Yield Protocol tweeted that "we have successfully claimed the recovered funds from Euler. The funds are being held in the timelock. We are now taking the steps to restart Yield Protocol and to enable withdraws. We expect this complicated process to take several weeks to complete." Attack method (per SlowMist): Affected by Euler Finance Attack. Reported loss: $ 1,500,000.

Primary source
https://twitter.com/yield/status/1635339497067130881
Sourced from
slowmist
Technical record
chain
protocol
Yield Protocol
bug_class
unknown
date_occurred
2023-03-14
loss_usd
$1,500,000
source_id
sm:yield-protocol::2023-03-14
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