After recovering the funds lost in a recent flash loan exploit, decentralized leverage-trading platform Defrost Finance is planning to return the funds to their rightful owners, according to a new announcement.
In a Medium post, Defrost highlighted that it will soon be refunding the assets to their original holders and will be following a specific process. The process includes converting all Ether (ETH) into stablecoins, like DAI, at the on-chain market rate. Then, all stablecoins will be transferred from the Ethereum blockchain into Avalanche.