The Tranche Vault on the Avalanche blockchain was attacked, resulting in a loss of $1.01 million.

The Tranche Vault on the Avalanche blockchain, associated with Valinor Digital, has been attacked. The attackers used flash loans to mint inflated tiered shares and then redeemed the remaining USDC from the vault. The attackers have already transferred approximately $1.01 million from the vault through about two transactions, and the attack is still ongoing. (Source: Blockaid)