Yearn Finance Hacked as $3M Transferred to Tornado Cash
Security Breach at Yearn Finance: Yearn Finance experienced a security breach when an attacker exploited a flaw in the yETH token contract, minting over 235 trillion tokens and draining approximately $2.8 million from Balancer pools.
Investigation and Impact: The incident is linked to a long-standing minting weakness in the yETH token logic, with Yearn's V2 and V3 Vaults remaining unaffected. The protocol is investigating the breach and has a bug bounty program in place.
Asset Movement Post-Exploit: Following the attack, around 1,000 ETH was mixed through Tornado Cash, and the attacker retains additional assets worth millions across various wallets.
Historical Context: This breach adds to Yearn Finance's history of managing legacy risks, following previous incidents like the 2021 yDAI exploit and a 2023 treasury misconfiguration, with YFI's value dropping about 4% after the event.
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Technical Analysis for YFI
Technical Sentiment Analysis for yearn.finance (YFI). As of , yearn.finance (YFI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for YFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, YFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
yearn.finance (YFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1582.6 | 1943.3 | 2440.6 | 2801.3 | 3298.6 | 3659.3 | 4156.6 |
| Fibonacci | 1943.3 | 2271.056 | 2473.544 | 2801.3 | 3129.056 | 3331.544 | 3659.3 |
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