ChainCatcher reports that Blockaid has detected an attack on the Tranche Vault associated with Valinor Digital on Avalanche. The attacker exploited a flash loan to mint inflated tranches, then redeemed the vault’s remaining USDC. As of this posting, the attacker has transferred approximately $1.01 million from the vault via about two transactions.
A Valinor Digital vault on the Avalanche blockchain was attacked, resulting in the theft of approximately $1.01 million in USDC.
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Summary
A Valinor Digital Tranche Vault on Avalanche was exploited in an on-chain incident, with attackers using flash loans to mint and redeem shares, siphoning approximately $1.01 million in USDC. Blockaid reported the attack, noting two major transfers from the compromised vault. The digital asset news underscores growing risks in DeFi structures, as attackers continue to target tiered liquidity mechanisms.
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