Crypto Falls as Yearn Finance Breach Hits Bitcoin, Ether
The global cryptocurrency market experienced a sharp sell-off, with Bitcoin and Ether dropping more than 5%, following a security breach targeting the decentralized finance (DeFi) platform Yearn Finance. The incident, involving a type of attack that many believed had become less common, reignited investor concerns across the crypto sector.
The accelerated decline in Bitcoin and other digital assets began late yesterday, coinciding with news of the hack. Unlike recent corrections driven by broader market risk-off sentiment, this downturn was largely contained within the crypto ecosystem.
Yearn Finance Hack Details
The attack on Yearn Finance was confirmed as a computer exploit in which an attacker issued a virtually unlimited quantity…
