The hacker attack on Defrost Finance utilized a malicious price oracle to liquidate user funds, with losses exceeding 12 million dollars

ChainCatcher news, according to PeckShield's tweet, following the hack on December 23, the Avalanche ecosystem's native stablecoin project Defrost Finance protocol has been attacked again. The hacker added fake collateral tokens to the protocol and used a malicious price oracle to liquidate user funds, with current losses estimated to exceed $12 million.

It is reported that Defrost Finance's official statement noted that V1 is not affected (as it does not have a flash loan feature), and they will subsequently shut down the V2 user interface and conduct an investigation. (source link)