Hackers liquidate Defrost Finance, triggering a $12m loss
Defrost V1 and V2 under investigation
After a few users complained about significant losses in their accounts, Defrost Finance announced an investigation into a possible hack on its Defrost V1 and V2 platforms. Doran, a core team member, informed the users to refrain from using Defrost V2 through Telegram.
At first, the platform thought only Defrost V2 was under attack and decided to shut it down to protect users. The hacker targeted MetaMask Wallets housing users’ staked Defrost Finance (MELT) and Avalanche (AVAX) tokens.
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