Tranche Vault on Avalanche Drained of 1.01 Million USDC in Exploit
Key Highlights An onchain vault was drained of over 1.01 million $USDC using an exploit funded by a flash loan mechanism. Security firm Blockaid identified that flash loan capital was utilized to mint artificially inflated shares, enabling the malicious withdrawal. The victim contract balance dropped to zero $USDC, leaving no remaining funds to process user ...