Dear Defrost community,
Thank you very much for your trust and patience.
As announced, all V1 hacked funds have been returned.
The Defrost team will soon start the process of refunding these assets to the rightful owners prior to the attack.
These are the several major steps expected in the following days:
- All ETH in the address will be converted to stablecoins (preferably DAI) at the on-chain market rate.
- All stablecoins will be crossed from Ethereum to Avalanche.
- The team will start scanning the data on-chain to find out who owned what prior to the hack. The details will be released once the scanning work is finished.
- A refunding smart contract will then be deployed. Rightful users will be able to claim their assets back in stablecoins to the same addresses.
Please follow our official channels forthe latest news on the refunding progress.
Thank you.
The Defrost Finance Team
