15 million US dollars were stolen from Eminence, a yet unpublished project being developed by Andre Cronje of Yearn.
The (DeFi) community has again suffered a loss in the millions.
Eminence, an unfinished „economy for a game multiverse“ developed by Yearn Finance’s Andre ‚I test in production‘ Cronje, was discovered by DeFi supporters after the developer posted elaborate teasers for the project on Twitter. He then went to bed on 28 September.
The excitement surrounding the upcoming project quickly reached a climax when the community invested about $15 million in the Bitcoin Sunrise protocol for fear of missing something. However, the protocol was quickly hacked and emptied. Bizarrely enough, however, the hacker transferred $8 million back to Cronje’s Yearn-Deployer account when the developer woke up:
3/x 5. we posted the first clan called „Spartans“. And I went to bed.
6. around 3am I was woken by a message and then I saw a) that almost $15 million had been deposited into the contracts, b) that the entire $15 million from the contracts had been stolen and c) that $8 million had been returned to my Yearn-Deployer account.
– Andre Cronje (@AndreCronjeTech) 29 September 2020
He noted that he had received „a great many threats“. Cronje also stated that Yearn’s treasury will help to reimburse users for the $8 million that he received from them, according to a snapshot of EMN’s balance before the hack.
Cronje emphasised that neither Eminence’s contracts nor the ecosystem were finalised. He did not want to release the project for at least another three weeks.
Cointelegraph will update the article when more information is available.