About yearn.finance

The crypto market adopted a bearish outlook following the recent economic figures. Early today, the United States Bureau of Labor Statistics revealed that the yearly inflation jumped to 2.4% and up 0.2% in September, surpassing market expectations.

With a new bull run in the crypto market, the YFI token price is on a bullish recovery run. Following the massive correction, the rise in trend momentum teases a rounding reversal in Yearn.Finance token. Further, the broader DeFi segment recovery increases the chances for Yearn. Finance's comeback.

The recent dYdX v3 incident, involving significant price movements of SUSHI and YFI tokens, has raised crypto community concerns. The attacker deposited $5.3 million, took leveraged positions, and caused liquidation events.

Decentralized exchange dYdX has published a post-mortem report, detailing a recent exploit on its v3 platform.

A faulty script drained $1.4 million in Yearn Finance's treasury during a token swap, but so far community support has helped regain some losses, while updated code practices aim to secure the DeFi protocol's future.

Yearn.finance seeks the return of $1.4 million from traders after a multisignature scripting error drained its treasury.