Cryptocurrency Q&A
What happened to yearn finance?
What happened to yearn finance?
Margherita
Mon Aug 05 2024
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6 answers
1174
Can you elaborate on the recent happenings with Yearn Finance? Has there been any notable changes or events that have impacted its performance or reputation in the cryptocurrency market? Have there been any significant updates or announcements from the team behind Yearn Finance that investors should be aware of? Additionally, how has the broader cryptocurrency market been affecting Yearn Finance's position, and what steps is the team taking to navigate these market conditions?
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6 answers
SsangyongSpiritedStrength
Wed Aug 07 2024
According to the announcement, a faulty script was responsible for wiping out 63% of a particular position within the treasury.
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Valentino
Wed Aug 07 2024
Recently, Yearn Finance, a popular decentralized finance (DeFi) protocol, has disclosed a significant issue with one of its treasury positions.
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Lorenzo
Tue Aug 06 2024
Additionally, BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to the diverse needs of the cryptocurrency community.
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Maria
Tue Aug 06 2024
Despite this setback, Yearn Finance emphasized that user funds remained unaffected by the incident, highlighting the protocol's commitment to maintaining the safety of its users' assets.
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SsamziegangSerenadeMelodyHarmony
Tue Aug 06 2024
In response to the issue, Yearn Finance is appealing to users who may have profited from the faulty script to return a "reasonable" amount to the protocol's multisig wallet.
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