The total value locked reached at a new yearly high of more than $54 billion, continuing the previous week’s upward trend for the top 100 DeFi tokens. After taking advantage of an outdated Yearn.finance contract, a hacker created 1 quadrillion Yearn Tether (yUSDT), which they then exchanged for other stablecoins to obtain stablecoins worth $11.6 million. The cryptocurrency community flagged Ethereum for privacy concerns when the Ethereum Foundation (EF) disclosed that a larger range of metadata, including the IP addresses of ETH stakers, is monitored. The total value locked reached a new yearly high of more than $54 billion, continuing the previous week’s upward trend for the top 100 DeFi tokens.
After taking advantage of an outdated Yearn.finance contract, a hacker created 1 quadrillion Yearn Tether (yUSDT), which they then exchanged for other stablecoins to obtain stablecoins worth $11.6 million. The cryptocurrency community flagged Ethereum for privacy concerns when the Ethereum Foundation (EF) disclosed that a larger range of metadata, including the IP addresses of ETH stakers, is monitored.
