Losing Millions of Dollars in Hack Attack, Cryptocurrency Platform Has Reclaimed Its Funds

Announcing that V1 and V2 products were hacked on Sunday, Defrost Finance, He said that the hacker in the larger V1 attack returned the funds.

Hacked Defrost Finance Recovers Stolen Assets

The website of the hacked decentralized finance protocol included the following information:

“We will soon begin scanning on-chain data to find out who owned what before the attack and return them to their rightful owners. This process may take some time as different users have different ratios of assets and liabilities.”

In a short post-mortem analysis, the project developers said that hackers also managed to steal the administrator key for a much larger attack on the v1 protocol than a flash credit exploit. Defrost offered to negotiate “to give 20% of the funds (negotiable) in exchange for the bulk of the assets and urged hackers to contact them as soon as possible.”

The hacked funds have been returned to #DefrostFinance.

The affected users will very soon be able to claim their assets back.

Details 👇https://t.co/RpDqKAK44y

— Defrost Finance 🔺 (@Defrost_Finance) December 26, 2022

On social media channels Ethereum 3 million dollars to these addresses of the platform that shares wallet addresses cryptocurrency was the entry.

On December 26, blockchain security firm CertiK issued a warning claiming that Defrost Finance, a decentralized leverage trading platform on the Avalanche blockchain, which was recently hacked, is a scam.

Defrost’s supervisor, Certik, accused the team of committing an “Exit Scam”, saying the team had not gone through the KYC process and was unable to contact team members. This means that Certik provides audit certificates without KYC.

*Not investment advice.