Court Exonerates Platypus Finance Hackers Following $8.5M Hack
A French court took no action against two brothers, Mohammed, and Benamar M, after clearing them of all criminal charges in the $8.5 million theft from the decentralized finance (DeFi) protocol Platypus. By draining and transferring $8.5 million from Platypus via a flash loan attack on February 16, hackers compelled the protocol to suspend trading […]
Platypus Finance Recovers 90% of Assets Lost in Exploit
90% of the funds stolen in a security breach last week have been recovered, according to the decentralized finance (DeFi) protocol Platypus Finance. The protocol’s net loss, as stated in the release from October 17, was restricted to 18,000 AVAX (AVAX $9.13), worth $167,400 at the time of publication. Platypus Finance stated it “will guarantee […]
DeFi Platform Platypus Loses $2.2M in Flash Loan Exploit
Platypus, a protocol for decentralized financing (DeFi), has lost over $2 million in assets due to a recent flash loan exploit on its platform, this marks its third exploits in 2023. According to the blockchain security platform CertiK, the DeFi platform was subject to three intrusions, with $2.23 million stolen. On October 12, the first […]
Platypus Finance develops compensation platform for users
Platypus Finance, a DeFi protocol, has built a portal that allows users to see how much the platform owes them following the recent $9.1 million hack. On February 16, the DeFi protocol was attacked with a flash loan, causing the Platypus USD (USP) stablecoin to decouple from the US currency. At the time, Platypus disclosed […]
Platypus Finance Suffers $9M Hack On Avalanche
The DeFi application, Platypus Finance was the target of a $9 million attack according to the blockchain security firm CertiK. According to the report, a hacker took advantage of a feature in one of Platypus’ smart contracts by using flash loans on the Avalanche (AVAX) blockchain. Stablecoins worth $44 million were added to the application […]