• Yearn Finance is investigating an exploit in an outdated iEarn contract.
• A bug drained multiple Curve pools, impacting liquidity providers.
• Previously, a bug in the Sushi Swap system resulted in a $3.3M loss.

The decentralized finance (DeFi) platform, Yearn Finance, has announced that it is investigating an issue with an outdated contract called iEarn, which predated more recent versions such as Vaults v1 and v2.

According to the notification on Thursday, the issue is exclusive to iEarn and does not affect current Yearn contracts or protocols. Yearn Finance said Vaults v1, which had upgradeable strategies, was obsoleted in 2021, but there was no indication that it has been affected, as well as the current version, Yearn v2 Vaults.

However, Yearn Finance later realized that the recent exploit was caused by a bug in the legacy iEarn USDT (yUSDT)…

The post Yearn Finance Urges Caution as Legacy Contract Bug Drains Multiple Pools appeared first on Coin Edition.

• Yearn Finance is investigating an exploit in an outdated iEarn contract.
• A bug drained multiple Curve pools, impacting liquidity providers.
• Previously, a bug in the Sushi Swap system resulted in a $3.3M loss.

The decentralized finance (DeFi) platform, Yearn Finance, has announced that it is investigating an issue with an outdated contract called iEarn, which predated more recent versions such as Vaults v1 and v2.

According to the notification on Thursday, the issue is exclusive to iEarn and does not affect current Yearn contracts or protocols. Yearn Finance said Vaults v1, which had upgradeable strategies, was obsoleted in 2021, but there was no indication that it has been affected, as well as the current version, Yearn v2 Vaults.

However, Yearn Finance later realized that the recent exploit was caused by a bug in the legacy iEarn USDT (yUSDT)…

The post Yearn Finance Urges Caution as Legacy Contract Bug Drains Multiple Pools appeared first on Coin Edition.