YFI

yearn.finance

Yearn Finance experienced a $3 million loss due to a security breach. Efforts are underway to recover the funds and reinforce security measures. Continue Reading: Reports Reveal Significant Loss in Yearn Finance Pool The post Reports Reveal Significant Loss in Yearn Finance Pool appeared first on COINTURK NEWS .

The popular DeFi protocol Yearn Finance is the latest to suffer an attack, in which an attacker made away with around $3 million worth of ETH from its yETH vault. The exploit was aimed at the protocol’s liquid-staking index token, yETH, allowing a hacker to mint close to infinity tokens and suck the pool dry in one transaction. According to blockchain analysis, the attacker exploited a vulnerability in yETH’s smart contract that combines these liquid staking tokens into a tradable index token. In a post on X, Yearn confirmed that the exploit was isolated to the yETH pool and its other vaults (V2 and V3) remain unaffected. Blockchain analysts are closely monitoring the network to determine if there is further suspicious activity. This is one of the ways a single bug in a complex DeFi product can result in significant losses. At this stage, the full magnitude of the loss is still being assessed. While the visible drain totals approximately $3 million, liquidity pools backing many users’ staked positions may also have been affected. Yearn acts after yETH breach, secures vaults Yearn Finance has confirmed that its yETH vault was hacked, although only the LST stableswap pool was impacted, and no other part of the code had been infiltrated. The company scrambled to assure its customers that its main vault products (V2 and V3) were still 100% secure and that the attack had not compromised them. The Yearn team states that it is conducting a thorough internal investigation to determine exactly how the exploit was executed and whether any other assets were affected. This involves auditing snippets of code, monitoring on-chain transactions, and collaborating with security professionals to ensure that no other mistakes remain undiscovered. The hack was first flagged by X user Togbe, who reported noticing the apparent attack while monitoring large transfers. “Net transfers suggest yETH super mint let the attacker drain the pool for some gain of 1k ETH,” Togbe said in a message. “Somehow, other eth was sacrificed in this, but they still made away with profit.” The breach serves as a crucial reminder about the risks that may be present in DeFi, including those for protocols with solid reputations and previous audit histories. Yearn’s response, characterized by openness to the public, active monitoring of developments, and its dedication to auditing, aligns with a protocol that prioritizes user security in decision-making, while continuing to explore all facets related to DeFi. DeFi protocols face rising threats from hackers The Yearn Finance yETH Pool attack isn’t an isolated occurrence; it’s symptomatic of a larger, exponentially growing trend that poses existential threats to the decentralized finance (DeFi) ecosystem. As recently reported by Cryptopolitan , in November 2025, the space lost approximately $127 million to hacks, scams, and exploits. According to experts, tech risk, rather than phishing or hacked wallets, has been the largest threat to DeFi projects so far – it appears that the majority of flash loan (and other) issues were due to smart contract code flaws. The yETH attack is an example that even highly used and audited platforms are not invulnerable. Protocol-inclusive protocols with feature-rich toolsets, such as Liquid Staking, Auto Token-Indexing, and Aggregate Quotations, can potentially expand the attack surface area, allowing protocol attacks to be compromised by a more sophisticated hack over time. And designed to be as efficient and slippery as possible for their intended customers, such systems can also inadvertently create doorways that even the bad guys will have noticed by now. The latest attacks have been similar, according to security experts. Hackers are now employing increasingly sophisticated and multi-stepped plays, utilizing incredibly agile, premeditated movements through self-destructing smart contracts. These self-destructing smart contracts are used to transfer the stolen funds via privacy-focused mixers like Tornado Cash. Get $50 free to trade crypto when you sign up to Bybit now

Key Highlights A hacker exploited an “infinite mint” vulnerability in Yearn Finance’s yETH product, which allowed them to…

BitcoinWorld Critical YFI Investment Warning: Bithumb’s Urgent Security Alert Shakes Crypto Market South Korean cryptocurrency exchange Bithumb has issued an urgent YFI investment warning that’s sending shockwaves through the digital asset community. This critical alert comes as the platform identifies significant security concerns surrounding Yearn.finance tokens, prompting immediate investor caution. What Triggered This YFI Investment Warning? Bithumb’s official announcement revealed that recent security vulnerabilities within the Yearn.finance ecosystem prompted this YFI investment warning. The exchange detected unusual patterns and potential risks that could compromise investor funds. Therefore, they’re advising extreme caution when trading YFI tokens on their platform. The timing of this YFI investment warning coincides with increased regulatory scrutiny across global cryptocurrency markets. Moreover, it highlights the ongoing challenges decentralized finance projects face in maintaining robust security protocols. How Should Investors Respond to This YFI Alert? If you currently hold YFI tokens or plan to trade them, consider these immediate actions: Review your current YFI holdings and assess your risk tolerance Monitor official communications from both Bithumb and Yearn.finance Consider temporary position adjustments until security concerns resolve Enable additional security measures on your exchange accounts This YFI investment warning serves as a crucial reminder that even established DeFi projects can face security challenges. Consequently, investors must remain vigilant and proactive about protecting their digital assets. What Makes This YFI Investment Warning Different? Unlike routine market updates, this YFI investment warning carries significant weight because it comes from one of South Korea’s largest cryptocurrency exchanges. Bithumb’s reputation and market position make this alert particularly noteworthy for several reasons: First, the exchange has demonstrated consistent commitment to user protection. Second, their technical team possesses sophisticated monitoring capabilities. Third, their warning suggests the security concerns merit immediate attention rather than being routine precautions. Long-Term Implications of Security Warnings This YFI investment warning could influence how investors perceive decentralized finance projects moving forward. Security incidents often lead to: Increased due diligence requirements Tighter exchange listing standards Enhanced regulatory oversight More sophisticated security protocols The market’s response to this YFI investment warning will likely shape how similar situations are handled in the future. Furthermore, it emphasizes the importance of continuous security assessments in the rapidly evolving cryptocurrency space. Protecting Your Investments Beyond This YFI Warning While this specific YFI investment warning addresses immediate concerns, investors should implement broader protective strategies: Diversify your cryptocurrency portfolio across different projects and sectors. Use hardware wallets for long-term storage of significant holdings. Regularly update your knowledge about security best practices. Stay informed about project developments and team communications. Conclusion: Navigating Crypto Security with Confidence Bithumb’s YFI investment warning serves as both a specific caution and a general reminder about cryptocurrency investment risks. While security concerns can create temporary market uncertainty, they also drive industry-wide improvements in protection standards. By staying informed and implementing robust security measures, investors can navigate these challenges while participating in the transformative potential of decentralized finance. Frequently Asked Questions What specific security issues prompted Bithumb’s YFI warning? Bithumb hasn’t disclosed exact technical details to prevent exploitation, but the warning suggests potential vulnerabilities that could compromise user funds or trading activities. Should I immediately sell my YFI holdings? While the warning suggests caution, immediate selling isn’t necessarily required. Assess your risk tolerance and consider consulting with financial advisors before making drastic portfolio changes. Are other exchanges likely to issue similar warnings? Other exchanges may follow with their own assessments, but each platform conducts independent security reviews. Monitor announcements from exchanges where you hold YFI tokens. How long do such investment warnings typically last? Warning durations vary based on the severity and resolution timeline. Bithumb will likely provide updates as the security concerns are addressed. Can I still deposit or withdraw YFI from Bithumb? Check Bithumb’s official announcements for specific trading and transfer restrictions. The exchange typically provides clear guidance about affected services. What steps is Yearn.finance taking to address these concerns? Monitor Yearn.finance’s official channels for their response and planned security enhancements following this warning. Found this security alert valuable? Help protect other investors by sharing this crucial YFI investment warning across your social media channels. Your shares could prevent someone from making uninformed investment decisions during this security concern period. To learn more about the latest cryptocurrency security trends, explore our article on key developments shaping decentralized finance project safety and institutional adoption. This post Critical YFI Investment Warning: Bithumb’s Urgent Security Alert Shakes Crypto Market first appeared on BitcoinWorld .

Yearn Finance, a leading DeFi yield aggregator protocol, is in the early stages of a major governance overhaul proposal, YIP-XX. The proposal was introduced by pseudonymous contributor 0xPickles on September 28, 2025, in a bid to align stakeholders and encourage growth. YFI does not enjoy the same clout it used back in its heyday when it was one of the biggest DeFi protocols with an all-time high of just under $7 billion in deposits as of December 2021. However, this three-part initiative is expected to help the protocol find its way back to that greatness. It is touted not just as a way to make profitability a priority but also to promote accountability, and directly reward token holders who have stayed through declining participation and a TVL that’s down more than 90% from its all-time high. Yearn Finance votes on a new proposal Among the proposed changes , the most notable change is that a majority of all the revenue the protocol generates could soon go directly to those with skin in the game, as they have kept their YFI tokens locked despite the dwindling performance. “This proposal creates a new deal,” 0xPickles wrote. “90% of future revenue goes to stYFI holders, empowering them.” That is not a huge amount of money right now, considering Yearn’s monthly revenue from August turned in under $200,000 in profit, per DefiLlama data. Still, the focus on profitability and increasing accountability is expected to put the protocol on a sustainable growth path that will, over time, increase revenues and make the YFI token more valuable. The proposal comes as DeFi is enjoying a wave of new liquidity , which has pushed deposits to record heights this year. For Yearn, which was once one of the biggest DeFi protocols with an all-time high of just under $7 billion in deposits in December 2021, the liquidity provides an opportunity to reclaim the success of the past. Of course, this is assuming things unfold in the best-case scenario, but that is not certain because it is not the first time Yearn has attempted an overhaul in recent years. In October 2023, a new vote introduced an escrow token model, like those used by protocols such as Curve Finance , Balancer, and Velodrome, however, even though there was support from YFI token holders, the new model wasn’t widely adopted. “Only 3.8% of the YFI supply is locked, a figure that is in decline,” 0xPickles pointed out. “This demonstrates a fundamental lack of interest in the model.” The new simpler model suggested by 0xPickles 0xPickles’ proposal will scrap the vote escrow model in favour of a simpler staking model. Under the new model, YFI holders will be able to lock up their tokens via staking, which would qualify them to receive a portion of the protocol’s revenue. Another proposal suggests restructuring the DAO to make it more profit-oriented while mandating on-chain financial reporting to justify budget requests from contributors. As for what is prompting these changes, the proposal’s author cited organizational misalignment and coordination inefficiency as two cogent reasons. There is also a final proposal to formalize a plan to distribute 1,700 YFI tokens through strategic contributor incentives, establish a capped performance bonus program, and create a long-term contributor retention pool. The three proposals are currently being discussed on the Yearn governance forum ahead of a vote. It is being touted as an “all-or-nothing” package because the proposals form a single initiative, which means that for it to take effect, it has to pass in full via a DAO vote. The smartest crypto minds already read our newsletter. Want in? Join them .

Axie Infinity unveils new governance structure focused on decentralization, treasury management, and community involvement. Read original article on kanalcoin.com

Most altcoins demonstrated stability with minor price actions in the past 24 hours as Bitcoin tested $108,000. However, the condition was different for CVX and YFI coins, as a crucial security update catalyzed sudden selling pressure for the duo. According to blockchain security company BlockSec, hackers breached Resupply and drained assets worth approximately $9.5 million.

Sonic price has held steady in the past few days as its ecosystem growth gained steam. The S token was trading at $0.50 on Tuesday, up by 35% from its lowest level this month, giving it a market cap of over $1.47 billion. Sonic ecosystem growth is continuing Sonic, a recently rebranded blockchain network, has become one of the fastest-growing players in the crypto industry. It was rebranded from Fantom, a network that was associated with Andre Kronje, one of the most popular developers. Kronje currently leads Sonic Labs and is best known for being the creator of Yearn Finance, a top play Sonic has become popular among developers and users in the past few months. This popularity is mostly because of its significantly lower fees than other layer-1 chains. Sonic also introduced an innovative fee monetization program that has rewarded developers. This model returns about 90% of all the fees that their app generates on the chain, with the remaining 10% going to the validators. This model has helped it to attract developers on the network. It has attracted 116 developers in the DeFi industry, with the total value locked (TVL) rising by 24% in the last 30 days to $1 billion. DeFi dApps on the Sonic blockchain are more than other networks that have been around for years. For example, Tron has only 35 dApps, while Sui and Aptos have less than 60 each. Cardano, one of the biggest players in the crypto industry, has 45 apps. The top dApps on the Sonic blockchain are AAVE, Silo Finance, Beets, Veda, and Pendle. Read more: Top cryptocurrencies to watch: Sonic, XRP, Cardano, Solana More data shows that Sonic’s growth is accelerating. For example, it has over $543 million in stablecoins, most of which are USD Coin. This makes it a top chain in the USDC issuance, a notable achievement since it was launched a few months ago. At the same time, the number of transactions on Sonic has jumped to over 852k, up from 358k in its lowest point in March. Sonic price analysis: is it a safe buy? Sonic token has underperformed the market even after its strong ecosystem growth. One reason for this is that existing holders expect to be highly diluted in the coming months. That’s because Sonic launched with a supply of 3.175 million tokens. This supply will increase by 6% in June, with the newly minted tokens going to Fantom Opera and Sonic users. This airdrop will have a burning mechanism that will reduce the supply count over time. The developers will also mint additional tokens this year, with the new cash going towards growing the team, marketing, and increasing the S adoption. Sonic will mint 47,625,000 tokens annually for six years. The caveat is that Sonic will burn any unused tokens during the year. Sonic price analysis S price chart | Source: TradingView The four-hour chart shows that the Sonic token price has bounced back a bit in the past few days. This rebound happened after the token bottomed at $0.3803 earlier this month. Sonic has formed a double-bottom pattern at $0.4088, and a nekline at $0.6327, its highest level on March 26. The token has moved slightly above the 50-period moving average and formed a bullish flag pattern. It has also formed a small inverse head and shoulders pattern. Therefore, the Sonic price will likely have a strong bullish breakout, with the next point to watch being at $0.6327, up by 23% from the current level. A drop below the support at $0.50 will invalidate the bullish outlook. The post Sonic price analysis: ripe for a breakout as DeFi ecosystem grows appeared first on Invezz

Sonic Labs and Yearn Finance co-founder Andre Cronje has hinted at launching a high-yield algorithmic stablecoin. In a post on X, he said the stablecoin could be ready for release within 4 – 5 weeks. Cronje tweeted on March 20 that his team had cracked the process and that work was ongoing with an algorithmic stablecoin. At the time, he added that the previous failure of algo stable tokens, particularly Terra UST, gave him PTSD, and he is not sure whether to implement this idea. He said: “Pretty sure our team cracked algo stable coins today, but previous cycle gave me so much PTSD not sure if we should implement.” Despite his worries, Cronje said the stablecoin will soon be ready. He went further to share projections of the stablecoin’s annual percentage yield (APY). At 10 million total value locked (TVL), it will generate 200% APY, at $100 million 23.5% APR, and $1 billion will bring 4.9% APY. The potential yield has now increased after recent developments. He said: “@YJN58 just found a way to turn this into 95.9% APY at $100m TVL, and 19.18% at $1bn+” While Cronje shared the potential yields that the stablecoin could generate, he did not provide any information on the project’s technical details, such as its collateral, on-chain controls, and algorithmic mechanics. Still, the new project appears separate from Sonic and Cronje’s other DeFi projects. His March 22 statement mentioned plans to “scale up and get a team for a full release.” Concerns trail potential algo stablecoin as many reference Terra UST Meanwhile, the crypto community’s reaction to plans for a new algorithmic stablecoin has been mostly negative, with many noting that it evokes memories of the failed Terra UST. The $40 billion crash of the UST in 2022 was the first domino that led to the eventual collapse of the crypto market at the time, leading to many firms going bankrupt. While the market has recovered, the idea of another algorithmic stablecoin promising significant yield has led many to compare the two incidents. Unsurprisingly, there have been many comments with an X user advising that Cronje should not take the lead on it so another person can go to jail. One user also suggested it should be named the Anchor protocol. Anchor was the DeFi protocol behind UST adoption. Curve Finance founder Michael Egorov also advised Cronje to rename himself Do Cron on X, a reference to the UST Terra founder Do Kwon . Kwon has been convicted of fraud and faces further criminal prosecution in the US. The failure of UST has also led many regulators to oppose algorithmic stablecoins Despite these concerns, some believe it is a good idea and will boost DeFi activity on the Sonic Network. Since rebranding from Fantom to Sonic, the layer-1 network has been focused on becoming the base-layer for DeFi with cost efficiency and speed. Stablecoins on Sonic is near $400 million. Source: Messari Efforts to attract DeFi instances have proven relatively successful, and Sonic’s stablecoin market has grown substantially in the past few months. According to data from Messari , Sonic’s stablecoin market cap is now close to $400 million, and it could soon go higher with native USDC coming to the network. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now