Avalanche on-chain vault related to Valinor Digital was attacked: approximately 1.01 million USDC was stolen

Blockaid stated that it has detected that the Tranche Vault related to Valinor Digital on Avalanche is currently under attack. The attacker is using a flash loan to mint an inflated number of tiered shares, and then redeeming the remaining USDC from the vault.

As of the time of posting, the attacker has transferred approximately $1.01 million from the vault through about 2 transactions.