DeFi Protocol Platypus to Repay at Least 63% of User Funds After $9M Hack
The Avalanche-based protocol worked with crypto exchange Binance to identify the exploiter responsible for the exploit last week. Source
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Platypus
Platypus to work on compensation plan after $8.5M attack
Decentralized finance (DeFi) firm Platypus is working on a compensation plan for user's losses after a flash loan attack drained nearly $8.5 million from the protocol, affecting its stablecoin dollar-peg. In a Tweet on Feb. 18, Platypus disclosed to be working on a plan to compensate the damages and asked users
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Platypus attack exploited incorrect ordering of code, auditor claims
The $8m Platypus flash loan attack was made possible because of code that was in the wrong order, according to a post mortem report from Platypus auditor Omniscia. The auditing company claims the problematic code didn’t exist in the version they saw. In light of the recent @Platypusdefi incident the
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How Solvency Check Error Led to USP Depegging on Avalanche Based Platypus Finance
Platypus Finance’s native stablecoin fell to 48 cents from $1 earlier on Friday following the attack. Original Source
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Platypus DeFi faces flash loan attack, according to CertiK
Blockchain security firm CertiK has reported a flash loan attack on Avalanche-based stable swap platform Platypus DeFi. The blockchain security firm posted the news in a tweet, alongside the alleged attacker's contract address.According to CertiK, nearly $8.5 million has been already been moved. As a result, the Platypus USD stablecoin
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USP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M Attack
The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain security firm CertiK. Original Source
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Platypus Launches Native Stablecoin USP
Place/Date: Hong Kong - December 13th, 2022 at 2:24 pm UTC · 3 min read Contact: Platypus Marketing Team, Source: Platypus Platypus Finance is launching USP, a protocol-native stablecoin. USP’s deployment has emerged from Platypus’ goal of improving capital efficiency for its users. USP also resolves long-running collateral
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