In a tweet thread posted Dec. 25, the Defrost team said a first attack used a flash loan to drain funds out of its V2 product. A second larger attack used the owner key to exploit V1. The protocol, which offers leveraged trading on the Avalanche blockchain, didn’t say how much had been taken.
- Defrost Finance Hacked in Attack Some Say May Have Been a Rug Pull
Written by Bankerage Published on December 26, 2022