BTC, ETH, XRP Price News: Bitcoin Drops to $87K Amid Yearn’s yETH Exploit
November 30, 2025
BTC, ETH, XRP Price News: Bitcoin Drops to $87K Amid Yearn’s yETH Exploit
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Major cryptocurrencies traded lower in early Asia as DeFi platform Yearn noted at “incident” in its yETH pool.
Dec 1, 2025, 1:17 a.m.
- Major cryptocurrencies fell early Monday, continuing the November downtrend.
- The decline happened as an incident at DeFi platform Yearn Finance affected its yETH liquidity pool.
Bitcoin BTC$90,993.53, ether ETH$2,842.88 and other major tokens slipped early Monday, extending a bruising November close amid fresh panic from DeFi platform Yearn Finance.
BTC, the leading cryptocurrency by market value, fell over 3% to nearly $87,000 during the early Asian trading hours. Ethereum’s native token ETH fell 5% while SOL, DOGE, XRP fell over 4%, according to CoinDesk data.
STORY CONTINUES BELOW
The sell-off accelerated hours after Yearn’s X alert flagged an “incident” in the yETH liquidity pool while mentioning that its V2 and V3 Vaults remain secure and unaffected.
Social media chatter suggested that the attacker exploited a vulnerability to mint vast amounts of yETH in a single transaction, draining the liquidity pool and making off with around 1,000 ETH ($3 million), which was routed through mixers. YETH is a user-governed liquidity pool token consisting of various Ethereum Liquid Staking Derivatives (LSTs).
Yearn’s issue comes days after leading Korean exchange Upbit suffered a multi-million dollar hack and underscores how institutional inflows have bloated crypto market valuations without fortifying the security infrastructure.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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