Yield Protocol declares full recovery from Euler hack, awaits user token exchange
The permissionless, collateralized fixed-rate borrowing and lending market restored operations in May and will now switch out user tokens worth $1.5 million.
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The permissionless, collateralized fixed-rate borrowing and lending market restored operations in May and will now switch out user tokens worth $1.5 million.
Lawyer John Deaton alerted followers via his daughter’s account, urging people to report the hack as the XRP community responded, spreading awareness.
The attacker used the lack of slippage control over tokens to steal the funds.
The attacker reportedly manipulated the exchange rate between ERC-20 tokens and hTOKENS to steal over $7 million from the protocol.
The incident affected users who submitted a MetaMask customer service ticket between August 1, 2021 and February 10, 2023.
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