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Alchemix yvVault users were attacked due to mistaken authorization, losing approximately $1 million.
Deep Tide TechFlow News, April 29th, according to on-chain analyst PeckShield (@PeckShieldAlert) monitoring, a user’s Alchemix Yearn yvVault position (token $yvWETH) was attacked, with an estimated loss of about 1 million USD.
The root cause of the attack was that the user previously authorized an unverified contract (contract address: 0x143a), which was deployed 10 days ago. Through decompilation analysis, the contract was found to have a vulnerability that could be exploited to execute arbitrary calls. The attacker exploited this vulnerability to successfully transfer the victim’s yvVault position.
Currently, PeckShield has publicly disclosed the specific logic of the vulnerability. Users are advised to check and revoke token approvals for unknown or unverified contracts to reduce asset risk.