News/Defrost Finance Plans to Share 20% of Stolen Funds with Hackers in Exchange for Bulk of Assets

Defrost Finance Plans to Share 20% of Stolen Funds with Hackers in Exchange for Bulk of Assets

Dec 26,2022,16:46

Defrost Finance, a decentralized leveraged trading protocol on Avalanche, tweeted that its team is willing to negotiate with the hacker(s). They are willing to discuss sharing 20% (negotiable) of the funds in exchange for the bulk of assets and are calling on the hackers to contact them asap.

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.

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