A USDC tranche vault on Avalanche lost approximately $1M due to inconsistent principal accounting in the fund-user claims
A USDC tranche vault on Avalanche lost approximately $1M due to inconsistent principal accounting in the fund-user claims. The incident occurred a few hours prior to the report.
- Estimated loss
- $1,000,000
- Protocols
- Phalcon
- Chains
- Avalanche
- Confidence
- High
- First seen
- 28 Oct 2026, 09:28 UTC