Decentralized finance (DeFi) protocols Aave and Yearn Finance were likely impacted in an exploit this morning, security firm PeckShield tweeted.
Losses could total over $11 million and occurred on Aave version 1, the veri suggests.
Recommended for you:
- How Ethereum Will Be Transformed in 2022
- How to Build Decentralized Twitter
- El Salvador Grants First Digital Asset License to Bitfinex
- Join the Most Important Conversation in Crypto and Web3 in Austin, Texas April 26-28
Aave integrations lead Marc Zeller said in a tweet that the impact to the protocol was limited as version 1 was “frozen since Dec 2022.” “The current size of V1 is $18M, and the current size of the Aave safety module is $382.50M,” Zeller said, adding in a separate tweet that version 2 and version 3 of Aave were not impacted at writing time.
This is a developing story and will be updated.