Defrost Finance releases the specific process for refunding stolen funds to affected users

According to ChainCatcher news, Defrost Finance has released details about the refund process on its official blog, stating that all V1 funds that were hacked have been returned. The Defrost team will soon begin returning these assets to their legitimate owners before the attack. The main measures to be taken in the coming days are:

1. All ETH in the addresses will be converted to stablecoins (possibly DAI) at the on-chain market price.
2. All stablecoins will be transferred from Ethereum to Avalanche.
3. The team will start scanning on-chain data to identify token ownership information prior to the hack. Details will be announced once the scanning work is completed.
4. A refund smart contract will then be deployed. Legitimate users will be able to request their assets back in the form of stablecoins to the same address. (source link)