$2.4 million of the stolen assets, which were denominated in pxETH, a liquid staking token issued by Redacted Cartel, were recovered after the issuer burned the stolen tokens and reissued them to the team's wallet — essentially, removing the tokens from the hacker's wallet. However, the hacker routed the remaining funds through the Tornado Cash cryptocurrency mixer, which makes recovery substantially more challenging.
This is the third time Yearn Finance has been hacked, following an $11 million exploit in 2023 and another $11 million exploit in 2021. Yearn also suffered around $1.4 million in losses in 2023 in connection to the Euler Finance attack.