Hacker steals $15m after degens pile into unreleased Yearn Finance project
Eminence, an unreleased project being built by Yearn’s Andre Cronje has been drained of $15 million. The decentralized finance (DeFi) community's insatiable appetite for unaudited code has once again ended in tears and the loss of millions.Eminence, an unfinished “economy for a gaming multiverse” being built by Yearn Finance's Andre ‘I test in production’ Cronje, was discovered by DeFi sleuths after the developer posted art teasers for the project to Twitter. He then headed to bed on September 28.Excitement for the upcoming project quickly reached a fever pitch, with the community FOMOing....
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Cronje may have gone silent on Twitter, but it hasn’t stopped people from trying to sue him for the EMN hack. A group of investors is crowdfunding a lawsuit against Yearn.finance (YFI) founder Andre Cronje over the unreleased and unfinished Eminence (EMN) protocol and its hack.In a post, the group EMN Investigation said it is raising money to sue Cronje, Yearn developer ‘banteg,’ and Twitter user and Yearn supporter Blue Kirby. The group said 100% of the donations would be used to finance the lawsuit. Crowdfunding will end on November 9. The group added: “As a way to thank you for your....
Yearn Finance’s native token YFI has been seeing significant capitulation as the price has dropped from an all-time high (ATH) of $43k in mid-September to today’s $13,875 USD value. Despite the -67.7% loss since the token’s ATH, the Yearn Finance project still has around $624 million total value locked into the platform. Yearn Finance and the native token YFI has been a hot topic during the latter half of 2020. This is because the YFI token went from an all-time low of $739 on July 21, 2020, to reaching an ATH of $43k on September 12. In between that time, YFI saw a....
Yearn.finance used to be the darling of the DeFi sector, with investors pouring massive sums of capital into the YFI token while largely looking towards it to become one of the largest and most widely used platforms within the decentralized finance ecosystem. The sentiment surrounding the Yearn project began to shift a few weeks ago, […]
Top Yearn Finance developer Andre Cronje has disappeared from social media due to 'death threats' — and now the community is posting 'Love Letters' to entice him back. Yearn Finance (YFI) developer Andre Cronje has dropped out of public view after reportedly receiving 'death threats' from the decentralized finance (DeFi) community and becoming ‘demoralized’.Cronje said he had received a variety of threats after investors raced into his unfinished and unreleased protocol, Eminence (EMN), which was then exploited and drained of $15 million in late September. The incident transpired while....
Yearn.finance (YFI) took a strong hit around 24 hours ago when a yet-to-launch project related to protocol experienced a bug. For those that don’t know, Andre Cronje, founder of Yearn.finance, deployed a series of new contracts relating to a new, still-to-launch game called Eminence Finance. Eminence is slated to be an Ethereum-based card game with […]