The multimillion-dollar attack on the decentralized finance (DeFi) protocol Yearn Finance (YFI) benefited users with debt in the old version of Aave (AAVE) V1.
One of the cryptocurrencies hacking attack this time it worked for users. Yearn Finance’s stablecoin on Thursday, April 13 yUSDcaused by the deficit of 11 million dollars After the attack, the assets were moved to V1, the oldest version of Aave, and transactions were made.
The attackers pretending to be Robinhood are the users in the V1 version of Aave. cleared his debts.
Founder of startup Aave-Chan and former integration officer of Aave Marc Zeller In his statement on the subject, the abuser’s Aave users USDT your debts flash loan) stated that he paid it back as part of his robbery. According to the data one day before the attack, USDTs in the liquidity pool in question 27% of seemed to be given to users as a loan. After the attack this amount of debt reduced to zero.
According to experts’ estimates, thanks to the flash loan attack from 350 thousand dollars Hackers repaying the excess debt, the millions of dollars they have earned on stablecoins are also an Ethereum mixer. Tornado CashThey have disappeared for now by transferring them to .
First made by Aave in the statementattack It has no effect on V2 and V3. While referring to the V1 section, it was mentioned that the events were followed closely.