<a href="https://www.cryptoknowmics.com/news/defrost-finance-breached-in-attack-some-suspect-a-rug-pull">Defrost Finance</a> disclosed on Sunday that its V1 and V2 products had been exploited and stated that the hacker behind the more significant V1 assault had <a href="https://medium.com/@Defrost_Finance/hacked-funds-returned-to-defrost-71b9d2d1b458" target="_blank" rel="nofollow noopener">refunded</a> the hacked funds.
<h2>Defrost Finance Hacked Funds Returned</h2>
In order to restore items to their proper owners after the hack, they will shortly begin analyzing the data stored on-chain to determine who held them before the breach. In a blog post on its website, the <a href="https://www.cryptoknowmics.com/news/what-is-defi-decentralized-finance">decentralized financial</a> system stated that this procedure could take some time due to the fact that various individuals have varying amounts of assets and debt.

The company said that a flash loan was utilized in the first assault to drain cash from its V2 product in a tweet thread published on December 25. The owner key was utilized in a second, more significant attempt to take advantage of V1. The <a href="https://www.cryptoknowmics.com/news/international-chess-federation-integrates-avalanche-signs-up-for-web3">Avalanche</a> blockchain-based platform, which allows for leveraged trading, didn't specify how much money had been taken.
<h2>Defrost as an Escape Scam</h2>
Peckshield, a blockchain security company, stated at the moment that the issue could have been a scam that stole $12 million, citing community knowledge. Today, the security firm Certik, which also claimed to have been unable to reach the team, produced a graphic suggesting that it was classifying Defrost as an escape scam. The Defrost Twitter account is not set up to receive private messages.

Defrost Finance Says Hacked Funds Have Been Returned

Defrost Finance said that its V1 and V2 products had been exploited and the hacker behind the more significant V1 assault had refunded the hacked funds.

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Defrost Finance Says Hacked Funds Have Been Returned

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