Bitcoin
Bitcoin (BTC)
$70,637.00 0.93227
Bitcoin price
Ethereum
Ethereum (ETH)
$3,584.59 0.26691
Ethereum price
BNB
BNB (BNB)
$587.94 1.87598
BNB price
Solana
Solana (SOL)
$186.47 0.25829
Solana price
XRP
XRP (XRP)
$0.6210480 0.59415
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000324 6.23123
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000079 0.24674
Pepe price
Bonk
Bonk (BONK)
$0.0000267 3.5846
Bonk price
Bitcoin
Bitcoin (BTC)
$70,637.00 0.93227
Bitcoin price
Ethereum
Ethereum (ETH)
$3,584.59 0.26691
Ethereum price
BNB
BNB (BNB)
$587.94 1.87598
BNB price
Solana
Solana (SOL)
$186.47 0.25829
Solana price
XRP
XRP (XRP)
$0.6210480 0.59415
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000324 6.23123
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000079 0.24674
Pepe price
Bonk
Bonk (BONK)
$0.0000267 3.5846
Bonk price
Bitcoin
Bitcoin (BTC)
$70,637.00 0.93227
Bitcoin price
Ethereum
Ethereum (ETH)
$3,584.59 0.26691
Ethereum price
BNB
BNB (BNB)
$587.94 1.87598
BNB price
Solana
Solana (SOL)
$186.47 0.25829
Solana price
XRP
XRP (XRP)
$0.6210480 0.59415
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000324 6.23123
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000079 0.24674
Pepe price
Bonk
Bonk (BONK)
$0.0000267 3.5846
Bonk price
Bitcoin
Bitcoin (BTC)
$70,637.00 0.93227
Bitcoin price
Ethereum
Ethereum (ETH)
$3,584.59 0.26691
Ethereum price
BNB
BNB (BNB)
$587.94 1.87598
BNB price
Solana
Solana (SOL)
$186.47 0.25829
Solana price
XRP
XRP (XRP)
$0.6210480 0.59415
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000324 6.23123
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000079 0.24674
Pepe price
Bonk
Bonk (BONK)
$0.0000267 3.5846
Bonk price

Defrost attacker returns stolen funds amid ‘rug pull’ accusations

defrost-finance-stolen-funds-have-been-reimbursed
Edited by
News
Defrost attacker returns stolen funds amid ‘rug pull’ accusations

Recently exploited decentralized leverage trading platform Defrost Finance reveals that $12 million in stolen funds were returned by a hacker, raising suspicions of a rug pull.

Defrost Finance hack

Defrost Finance experienced a flash loan attack on December 23. It could cost users of its v1 and v2 protocols $12 million in assets. In a quick post-mortem study, the developers claimed that hackers also succeeded in stealing the owner key for an assault on its v1 protocol that was considerably more extensive than the flash loan vulnerability.

Defrost stated it was willing to discuss sharing 20% of the funds in exchange for the majority of assets and was urging the hackers to get in touch with them right away.

In a blog post on its website, the decentralized financial system stated:

“To return items to their proper owners after the hack, we will begin analyzing the data stored on-chain to determine who held them before the breach. This process could take some time because different individuals have varying amounts of assets and debt.” 

Defrost’s official statement

The team also claimed that the first attack used a flash loan to siphon money from its V2 product. The Avalanche blockchain’s leveraged trading protocol did not specify how much money had been taken. Supported tokens amongst those stolen, can be used in online casinos, including in https://polski-sloty.com/50-zl-bez-depozytu/.

However, just one day after the alleged hack, Defrost announced that a hacker returned the funds.

https://twitter.com/Defrost_Finance/status/1607382811148800001

Is Defrost an exit scam?

A warning published today by blockchain security company CertiK claimed that Defrost Finance is actually an exit scam. CertiK made the allegations immediately after Defrost declared that the hackers had refunded the cash.

https://twitter.com/certikalert/status/1607300101030002689

PeckShield, a blockchain analytics company, issued a warning shortly after the exploit, calling the action a “rug pull.”

Follow Us on Google News