#DeFi Community in Tears After Rushing Into Unaudited $EMN Contract

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DeFi enthusiasts on the lookout for the next hidden gem have been left burnt after investors of Eminence Finance (EMN token) have lost funds as a result of the protocol’s unaudited contracts.

The EMN protocol was subject to a flash loan exploit which resulted in the loss of $15 million

Eminence Finance is a “gaming multiverse” product that is being developed by yearn.finance co-founder Andre Cronje

The contract was deployed from the main yearn deployer address; Cronje has said that he will not use public addresses in the future

The community worked with Cronje to see $8 million returned; Cronje himself asked the yearn treasury to help with a refund

Cronje said that the contracts were something for only himself to engage with and urged others not to use them

Andre also said that the product was still being developed and that he would inform the public of an official release; the release is at least 3 weeks away