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.
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 Ethereum blockchain into Avalanche.
Meanwhile, after the exploit, security firms alleged that the project may have run away with user funds.
According to the team, there was a point of failure in their developer key.
Source: Cointelegraph