DeFi flash loan hacker liquidates Defrost Finance users causing $12M loss
Defrost Finance, a decentralized leveraged trading platform on Avalanche blockchain, announced that both of its versions — Defrost v1 and Defrost v2 — are being investigated for a hack. The announcement came after investors reported losing their staked Defrost Finance (MELT) .
Moments after a few users complained about the unusual loss of funds, Defrost Finance’s core team member Doran confirmed that Defrost v2 was hit with a flash loan attack. At the time, the platform believed that Defrost v1 was not impacted by the hack and decided to close down v2 for further investigation.At the time, the platform believed Defrost v1 was not impacted by the hack and decided to close down v2 for further investigation.
Source
https://t.me/InvestmentTradingUpdates
