Defrost Finance Denies Rug Pull Allegations Amid $12M Exploit

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The Defrost Finance team is pushing back on rug pull claims after suffering a $12M exploit. OKnightCrypto reports

that requested the oracle to be replaced before the exploit occurred. Defrost Finance adamantly denied these claims, labeling them as “slanderous and inaccurate.”

The far-larger second attack occurred on Christmas Eve, the spokesperson continued, with another hacker or hackers “[managing] to appropriate the private key and used it to add a fake collateral token and price oracle, then minted 100 million H20 tokens … The hacker then liquidated the existing vaults by manipulating the vaults’ oracles and draining funds.”

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OKnightCrypto If it's not rug pull, then it's insider job...blockchain amplified people's desire for instant money...

OKnightCrypto 🧐

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