Defrost finance says it has recovered lost funds worth $12 million from hacker

Dec. 26, 2022 at 7:01 pm

By Soumen Datta

Decentralized leverage trading platform on Avalanche, Defrost finance reported that all the funds lost due to an exploit on its platform on Dec. 23 were returned on Dec. 26 after claims of a possible rug pull.

Defrost Finance affirmed that it would return all the lost funds to the exploited users after scanning the on-chain data to determine the ownership and amount of funds owned by each affected user.

Earlier, the Avalanche-based protocol reported the platform had been hacked, with an attacker withdrawing funds using the flash loan function.

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