Defrost Finance Deploys Refund Contract, Allowing Users to Claim Refunds Tomorrow

Avalanche-based lending protocol Defrost Finance announced it has deployed the refund contract on the Avalanche C-Chain. Users who were affected in the previous hack can claim their refunds starting from January 11th at 0:01 UTC.

Defrost Finance said the fund will be locked in the contract for 100 days. It advised users to claim refunds as early as possible.

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.