As a result of two consecutive attacks, the Avalanche-based (AVAX) decentralized finance (DeFI) protocol Defrost Finance (MELT) lost almost all of its user assets, while rug-pull claims were made.
Defrost Finance, 23–December 25 two on the cyber your attack As a result, user assets large a part of announced his loss. Blockchain security and data analytics trackers as the company claims it is investigating the attacks peckshield and DeFiYield expressed the possibility of rug-pull.
Description from Defrost
defrost December 25 on his official social media account. in his statement, end for 48 hours how the attack was carried out they researched stated. The company’s protocol was first V2 version one flash credit two days later that he was attacked V1 by obtaining the administrator key of the version have been attacked expressed. Defrost, both attacks same whether it was carried out by the attacker/attackers what they don’t know told.
Although the company did not disclose the total amount of lost assets, DeFi llama Statistics accessed via the total loss 12 million It turned out to be more than a dollar.
Surprising Claim from PeckShield
On the other hand, PeckShield December 25 on his official social media account. in a postreceived by the community to intelligence referring to a rug pull suggested it was possible. of attackers fake a guarantee token by creating price manipulation stated that he did.
Warned One Year In Advance
Offering various security measures for investors DeFiYield via his official social media account on December 25. in his postin their audit of Defrost last year have identified the relevant gap. and to the public declared that. DeFiYield, related vulnerability failure to resolve rather than a cyber-attack a sneaky rug pull evaluated as.
Up to 95% Decrease in Local Token Price
On the other hand, in the midst of all these Defrost FinanceThe price of ‘s native token is after the attacks 95%It officially crashed by experiencing a fall of up to . CoinGecko according to data MELTthe day of the first attack $0.00672from suddenly 0.00180 dollars As the price regresses to the band, with the second attack $0.00255to an all-time low (ATL) for 0.00058 dollarsit fell.
According to MELT data, it was at an all-time high (ATH) at the time of writing. 23 dollarsof your price %one hundred under $0.000873traded from.