Defrost Finance Plans to Share 20% of Stolen Funds with Hackers in Exchange for Bulk of Assets

Defrost Finance, a decentralized leveraged trading protocol on Avalanche, tweeted that its team is willing to negotiate with the hacker(s). They are willing to discuss sharing 20% (negotiable) of the funds in exchange for the bulk of assets and are calling on the hackers to contact them asap.

Previously, Defrost Finance was exploited. A fake collateral token was added and a malicious price oracle was used to liquidate current users. The loss exceeded $13 million.

Source

Avalanche

DeFi

Security Incidents

In This Article

Related News
Solana Lending Protocol MarginFi saw $200M Users Fund Outflow in Two Days Solana Lending Protocol MarginFi saw $200M Users Fund Outflow in Two Days
The U.S. SEC Issued a Wells Notice to Uniswap The U.S. SEC Issued a Wells Notice to Uniswap
Frax Finance to Allocate $250M Ethena's USDe to a New Liquidity Pool Frax Finance to Allocate $250M Ethena's USDe to a New Liquidity Pool
Aave Proposes to Implement a Fee Switch to Distribute Fees to Token Holders Aave Proposes to Implement a Fee Switch to Distribute Fees to Token Holders
Ethena Launched $ENA Token and Kicked off 2nd Incentives Program Ethena Launched $ENA Token and Kicked off 2nd Incentives Program
Latest News More More
13 Hours Ago Runes Protocol Sets to Launch at the same time as Bitcoin Halving
14 Hours Ago EigenLayer Removes Caps on All $ETH LST and Unpauses Restaking Deposits
1 Day Ago OKX Launched Ethereum Layer 2 Network X Layer
1 Day Ago Pantera-Backed Ethereum re-staking rollup Omni Announced Airdrop Plan
1 Day Ago Arbitrum Launched Bound Liquidity Delay Protocol on Testnet with Interactive Fraud Proofs
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open