Flash-Loan Attacker Drains About $1 Million in USDC From Avalanche-Based Tranche Vault
By Unchained
AI summary of the source article
An attacker drained roughly $1.01 million in USDC from an Avalanche-based Tranche Vault using a flash loan, according to security firm Blockaid. The exploit reportedly involved minting inflated tranche shares to extract the funds.
Key facts
- Roughly $1.01 million in USDC was drained from a Tranche Vault on Avalanche across about two transactions.
- The attacker used a flash loan to mint inflated tranche shares before cashing out the vault's USDC.
- Security firm Blockaid reported that the vault was related to Valinor Digital and Fence.
Source excerpt · Unchained
Security firm Blockaid says the attacker used borrowed funds to mint inflated shares and cash out the USDC held by a vault it said was related to Valinor Digital and Fence. The post Flash-Loan Attacker Drains About $1 Million in USDC From Avalanche-Based Tranche Vault appeared first on Unchained .