Avalanche On Tranche Vault the attack is still ongoing, with approximately 1010000 USD USDC stolen
BIBIBI
AT A GLANCE
According to Blockaid monitoring,Avalanche on Tranche Vault is under a sustained attack, with approximately 1010000 USD stolen.
Article
Avalanche On Tranche Vault was attacked, with approximately 1010000 USD in funds stolen
PANews October 28 reported that, according to Blockaid monitoring, an ongoing attack was detected on Avalanche where Tranche Vault there is an ongoing attack involving Fence Finance and Valinor Digital. The attacker used flash loans to mint inflated tranche shares, then redeemed the remaining USDC. At present, approximately two transactions have stolen approximately from the vault 1010000 USD。
PANews reported on October 28 that Blockaid detected Avalanche on Tranche Vault is subject to an ongoing attack.
02
The report states that the attack involves Fence Finance and Valinor Digital.
03
According to the report, the attacker used flash loans to mint inflated tranche shares, then redeemed the remaining USDC。
04
The report indicates that approximately two transactions have so far stolen approximately from the vault 1010000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The report describes a vault attack: the attacker used flash loans to create inflated shares and then used those shares to redeem USDC. The material states that the attack is ongoing.
Why it matters to readers
If the attack continues, the relevant vault may face further fund losses; the currently reported amount stolen is approximately 1010000 USD。
Beginners using the relevant vault or protocol should monitor whether the attack has stopped, whether the project has issued a response announcement, and whether there is progress in recovering funds. The material does not indicate that USDC itself has encountered an issue.
Risks and unknowns
The material does not provide the relevant on-chain transaction hashes.
The material does not include confirmation from Fence Finance, Valinor Digital, or other relevant project parties.
It remains unclear whether the attack has stopped and whether the vulnerability has been fixed.
The stolen USDC's specific flow and whether it can be recovered remain unclear.
Approximately 1010000 USD and approximately two transactions are both based on monitoring information in the report and remain to be further verified.
Related Developments
Loading event timeline…
Related concepts
Tranche Vault
This term is not in the glossary yet. Browse related concepts in the glossary.
