The hack brought sarcastic comments hailing DeFi as “the future of finance,” as well as people questioning open finance’s uncensorable nature considering Yearn deposits were disabled, not entirely different from Robinhood’s limiting of GME stock purchases last week.

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In response, Tether has frozen the 1.7M USDT stolen in the attack, again casting a shadow on just how decentralized crypto really is.

The Defiant

Note that it is possible to make fully decentralized services on Ethereum, but Yearn and Tether both have admin keys.