Yield Protocol

What happened

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."

Details

Date

Mar 14, 2023

Kind

Hack or exploit

Method

Affected by Euler Finance Attack

How in

Other

Target

not stated

Chains

Ethereum

After the theft

Recovered or seized

yes, amount not stated
“" On April 25, Yield Protocol tweeted that "we have successfully claimed the recovered funds from Euler.” (SlowMist Hacked)

Reported by

• SlowMist Hacked ↗

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