The Defrost Finance team, a decentralized leveraged trading protocol on Avalanche, announced that the hackers who participated in the V1 hack had returned their funds. Defrost will soon begin scanning on-chain data to return hacked funds back to their rightful owners. Since different users have different ratios of assets and liabilities, this process may take a little time, and the entire operation will be transparently managed using a new contract. Foresight News previously reported that Defrost was attacked on December 23, and hackers used flash loans to make about $173,000 from its V2 product. On December 25, Defrost was hit by a larger attack, hackers used the owner key to exploit V1, and PeckShield monitored the damage estimated at more than $12 million.