Security· ★★★· bearish·

Tranche Vault on Avalanche exploited for $1.01M via flash loan

  • —Blockaid reported an ongoing exploit of Tranche Vault on Avalanche
  • —Fence Finance and Valinor Digital were affected
  • —About $1.01 million in USDC was drained in two transactions
  • —Attack used a flash loan to mint inflated tranche shares, then redeemed them
Why it matters: The exploit highlights persistent vulnerabilities in DeFi vault share-issuance mechanisms to flash-loan manipulation.
#AVAX#USDC
Source: PANews
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