Defrost Finance Hackers Returns $12M of Stolen Crypto
Main page News, Blockchain, Hacker Attack, DeFi
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Dec. 26, 2022

Defrost Finance, a decentralized protocol for leveraging yield-bearing tokens, said that a hacker which attacked the V1 version of the project has returned the stolen crypto.

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The team behind the project wrote in a blog post that it will soon start "scanning the data on-chain to find out who owned what prior to the hack in order to return them to the rightful owners." The announcement reads:

"As different users had variable proportions of assets and debt, this process might take a little. However, it will be concluded fairly swiftly."

DeFi Wallet BitKeep Suffers Hacker Attack, Loses $8M

On December 25, Defrost Finance suffered a flash loan attack, which allowed the hacker to drain funds from V2. The hacker allegedly also used the owner key to steal funds from the V1 version. It is unclear, how exactly the attacker managed to get the key.

Blockchain analysts at PeckShield warned, citing an intel from crypto community, that the incident could have been the result of the rug pull.

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