Flash-Loan Attacker Drains $1.01 Million in USDC From Avalanche Tranche Vault

2026-10-28 15:14:21

According to COINOTAG, an attacker drained $1.01 million in USDC from a Tranche Vault on the Avalanche network on the evening of October 27 (ET) using a flash loan. The attacker borrowed funds through a flash loan, minted an inflated batch of tranche shares, and converted those shares into the vault's deposited assets.

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