Tranche Vault on Avalanche Exploited, About $1.01 Million Stolen

October 28: According to Blockaid monitoring, an ongoing attack has been detected on Tranche Vault on Avalanche, involving Fence Finance and Valinor Digital. The attacker used flash loans to mint inflated tranche shares and then redeemed the remaining USDC in the vault. About two transactions have so far stolen roughly $1.01 million from the vault.