Gm to everyone who woke up to @yearnfi attack.
Here's your morning note on what has happened ↓
When: November 30, 2025.
Affected product: yETH (Yearn Ether)
Losses: $8-9 million.
Attack flow:
• Deployment: Attacker deployed custom smart contracts designed specifically for this exploit
• Execution Single transaction minted massive amounts of yETH tokens
• Drainage: Used minted tokens to drain approximately $8M from the yETH pool and ~$900K from the yETH-WETH pool on Curve
• Laundering: Transferred 1,000 ETH (~$3M) to Tornado Cash
• Cleanup: Self-destructed attack contracts to remove evidence
What was affected:
✅ yETH product only – the legacy liquid staking token aggregator
✅ yETH-WETH Curve pool – secondary impact
What was NOT affected:
❌ Yearn V2 Vaults
❌ Yearn V3 Vaults
❌ Other Yearn products
This guy → @Togbe0x → Helped to identify this early.
Key lessons:
• This case highlights the ongoing risk of legacy code in DeFi protocols
• Demonstrates that even battle-tested protocols can have hidden vulnerabilities in older products
• Shows the value of modular architecture – isolating products prevented contagion
• The infinite mint vulnerability is a classic DeFi attack vector that continues to plague protocols
• Proper access controls and mint limits are critical for token contracts
Be safe.
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