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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi was dominated by developments in the popular decentralized exchange platform Uniswap after it announced a 0.15% swap fee
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Platypus Finance, a decentralized finance protocol on the Avalanche blockchain, has recovered 90% of its assets following a recent security breach involving flash loan attacks. Platypus Finance, a DeFi protocol operating on the Avalanche blockchain, announced the recovery of 90% of the assets lost to a security breach last week. On
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Decentralized finance (DeFi) protocol Platypus Finance said it had recovered 90% of assets that were stolen in a security breach last week.According to the October 17 announcement, developers said the protocol's net loss was limited to "18,000 Avalanche," worth $167,400 at the time of publication. As the hacker voluntarily returned
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DeFi protocol Platypus outlined a plan in its recent compensation portal to reimburse users up to 78% of main pool funds. Platypus Finance has created a compensation portal for users following the recent $9.1 million exploit. According to the decentralized finance (DeFi) protocol, this portal lets users view how much the platform
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Decentralized finance (DeFi) protocol Platypus Finance has created a portal that enables users to view how much the platform owes them following the recent $9.1 million exploit that the platform suffered.On Feb. 16, the DeFi protocol suffered a flash loan attack, pushing the Platypus USD stablecoin to break its peg
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With the whole event surrounding the Platypus protocol, the core team has said the hack did not prevent the daily activities of the platform. The two suspected Platypus Protocol exploiters have been arrested by the French National Police. The police department gave the confirmation of the arrest as announced via
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Of the $9 million in stolen assets, Platypus said it has recovered 2.4 million USDC and 687,000 BUSD, it has also worked with Tether to freeze 1.5 million USDT. French police seized approximately $220,000 worth of crypto as part of the arrest. USDC, USDT and BUSD are all stablecoins that
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Two suspects have been arrested by the French police in connection with Platypus' $9.1 million exploit, and 210,000 euros worth of cryptocurrency has been seized, according to the local authorities. Investigations leading to the arrests were supported by on-chain sleuth ZachXBT and crypto exchange Binance, said Platypus. The decentralized protocol was
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DeFi protocol Platypus is in talks with Aave and stablecoin issuer Tether in order to recover the funds stolen from last week’s exploit. In a major announcement on Thursday, February 23, decentralized finance (DeFi) for stablecoins – Platypus Finance – announced a major compensation to users affected in
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Decentralized finance (DeFi) protocol Platypus disclosed details of a recent $9.1 million exploit, alongside efforts to recover the funds, and a compensation plan for victims.In a Medium post on Feb. 23, the company revealed that a logic error in the USP solvency check mechanism within the collateral-holding contract was responsible
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