Defrost Finance to Return Hacked Funds to Rightful Owners as Soon as Possible

Defrost Finance, a decentralized leveraged trading protocol on Avalanche, tweeted that the hacked funds have been returned to Defrost Finance. The affected users will very soon be able to claim their assets back.

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.

Defrost Finance's team was willing to negotiate with the hacker(s) and discuss sharing 20% (negotiable) of the funds in exchange for the bulk of assets. They were calling on the hackers to contact them asap.