Yearn Finance (YFI) lost $11 million in a security exploit that was taken advantage of by an unknown attacker. The price of YFI dropped sharply from $34,000 to $30,000 at the time of the attack but has since recovered and is down only 0.78% in the last 24 hours.
In a recent interview, Joseph A. Hall, a former executive at the U.S. Securities and Exchange Commission (SEC), explained why “there’s a good chance” his former employer loses its lawsuit against Ripple Labs.
Aave (AAVE) price has increased an impressive 76% in the past couple of days and has hit a new all time high of $520. Aave is currently the second largest DeFi protocol by total value locked and has over $5 billion in TVL.
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Top stories in the Crypto Roundup today:
- Yearn Finance (YFI) DAI Vault Lost $11m in Exploit
- Former SEC Exec: There Is ‘A Good Chance’ SEC Loses Lawsuit Against Ripple Over XRP
- DeFi Lending Protocol Aave Hits All Time High with Total Value Locked at Over $5b
- Sponsored: How to Earn Passive Income Using Decentralized finance (DeFi)