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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Defrost_Finance sheldonreback oooitscrime
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Source: CoinDesk - 🏆 291. / 63 Read more »
DeFi flash loan hacker liquidates Defrost Finance users causing $12M lossAn unfortunate timing: Defrost Finance investigates flash loan attack on Christmas day. Users are advised against using Defrost V1 and V2 services until further notice. proofofinuerc It's getting ready for next legup Strong consolidation happening! It breakout anytime 💰 They just look fire man, I',m so excited for the results!! $POI proofofinu shib2 The world really needs Scrypto السلام عليكم صديقي يمكنك كسب ما يصل إلى 100٪ - 500٪ عوائد يومية فورية وعقود مستقبلية من خلال إشاراتي المربحة اليومية على كل عملة مشفرة ، أعطي 50-70 إشارة شهريًا بمعدل نجاح 90-95٪. أتمنى أن تنضم إلى قناتي المجانية على برقية انقر على الرابط
Source: Cointelegraph - 🏆 562. / 51 Read more »
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.
Source: Crypto_Potato - 🏆 568. / 51 Read more »