Here’s how Defrost Finance plans to refund users following $12M hack By Cointelegraph
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After recovering the funds lost in a recent flash loan exploit, decentralized leverage-trading platform Defrost Finance is planning to return the funds to their rightful owners, according to a new announcement.
In a Medium post, Defrost highlighted that it will soon be refunding the assets to their original holders and will be following a specific process. The process includes converting all Ether (ETH) into stablecoins, like Dai (DAI), at the on-chain market rate. Then, all stablecoins will be transferred from the blockchain into .
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After recovering the funds lost in a recent flash loan exploit, decentralized leverage-trading platform Defrost Finance is planning to return the funds to their rightful owners, according to a new announcement.
In a Medium post, Defrost highlighted that it will soon be refunding the assets to their original holders and will be following a specific process. The process includes converting all Ether (ETH) into stablecoins, like Dai (DAI), at the on-chain market rate. Then, all stablecoins will be transferred from the blockchain into .
Continue Reading on Coin Telegraph
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