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CoinGape 2023-12-13 20:14:55

Yearn Finance Hit by 63% Treasury Loss Due to Script Glitch

In a significant setback for Yearn Finance, a leading player in the decentralized finance (DeFi) sector, a script malfunction in its multisig (multi-signature) system led to a substantial loss of its treasury assets. The incident on December 11 resulted in the unintended swap of Yearn’s treasury balance, amounting to a loss of approximately 63%. The The post Yearn Finance Hit by 63% Treasury Loss Due to Script Glitch appeared first on CoinGape .

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