Avalanche-based vault linked to Valinor Digital hacked, approx. $1.01M USDC stolen

on October 28, Blockaid stated it detected an attack on the Tranche Vault associated with Valinor Digital on Avalanche. The attacker exploited flash loans to mint an inflated amount of tranche shares, subsequently redeeming the remaining USDC from the vault. As of posting, the attacker had transferred approximately $1.01 million from the vault through roughly two transactions.