On December 1, 2025, Yearn Finance encountered an exploit affecting its yETH staking product, leading to the theft of around 1,000 ETH (3 million USD). This incident highlights vulnerabilities in using outdated smart contracts in the decentralized finance ecosystem.
The Yearn Finance team confirmed that their V2 and V3 Vaults were secure and unaffected by the exploit. Community reactions varied, with some users alarmed by the exploitation of older contracts, while others felt reassured by the integrity of the current vaults.
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