Yapeswap Suffers $21.9K Loss from Governance Exploit

Yapeswap reports a $21.9K loss from a governance exploit that highlights vulnerabilities. Here's why traders should stay alert. In the latest incident, Yapeswap’s governance structure was fundamentally exploited, leading to a reported loss of approximately $21.9K. The exploit was facilitated by a zero quorum proposal that allowed a small fraction of voting power to transfer the critical `feeToSetter` role to an attacker. This breach enabled the attacker to create a registry that misled users by returning fake vaults while still listing real ones, resulting in diverted deposits being counted as farming assets.

Source: Coinfomania