In a tweet thread posted Dec. 25, the 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.
Blockchain security firm Peckshield, citing “community intel,” said at the time that the exploit may have been a rug pull that made off with $12 million. Earlier today Certik, also a security company, said it had been unable to contact members of the team and posted a graphic indicating it was treating Defrost as an exit scam. Defrost's Twitter account is not configured to accept private messages.
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Defrost Finance Hacked in Attack Some Say May Have Been a Rug PullDeFi protocol Defrost_Finance said it was hacked last week, though some observers are suggesting the attack may have been a $12 million rug pull. By sheldonreback Defrost_Finance sheldonreback Join for binance futures trade calls and start making lots of profits on our telegram channel Defrost_Finance sheldonreback Never heard of Defrost Binance. Stick with Saita_Swap and SaitaPro🔥 Defrost_Finance sheldonreback
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Defrost Finance Drained for $12M - Flash Loan Attack or Rug Pull?The Defrost team said that it is willing to negotiate with the perpetrators, but there're rumors of a rug pull.
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