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Love so deep, hatred so strong, Iron Finance loses 26,882 ETH due to multiple re-entrancy attacks

2026.03.13 09:46:12

March 13th: A wallet linked to Trend Research (under Yee Finance) borrowed ETH via Aave, transferred it to Binance, and shorted 27,000 ETH—worth roughly $57.1 million. Yee Finance, known for pumping ETH and taking large personal long positions, bought ~658,100 ETH at an average price of ~$3,104 between last year and early this year. It liquidated that position on February 8th at ~$2,058, posting a loss of ~$688 million. When Trend Research closed its position on February 6th, Yee Finance was spotted near Hong Kong’s Causeway Bay that afternoon, staying until around 10 PM with no unusual behavior. On March 10th, Yee Finance took to social media again: “The speed of AI development and the anxiety are terrifying. Going back to crypto’s core principles: First, any ETH price below $2,000 is a buying opportunity—both short and long positions have a high success rate. Second, per cycle theory, this year is a strong bottom opportunity, ideal for prepping new capital and platforms.”
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