Odaily Planet Daily report: The Tranche Vault on Avalanche has been under sustained attack, with the attacker exploiting flash loans to mint inflated tranche shares and subsequently redeeming the remaining USDC from the vault. The attack involves Fence Finance and Valinor Digital, with approximately two transactions stealing around $1.01 million from the vault.
Hackers Steal $1.01M from Tranche Vault on Avalanche
KuCoinFlashShare
Summary
On-chain news reveals that hackers drained $1.01 million from the Tranche Vault on Avalanche. The attackers used flash loans to mint inflated tranche shares and then redeemed USDC from the vault. The incident involved Fence Finance and Valinor Digital, with two major transactions reported. Digital asset news highlights the ongoing security risks in DeFi protocols. Odaily confirmed the attack is still under investigation.
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