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Code Is Not (Always) Law
7.12.2023
Sometimes, the law is the law, industry experts say
Duo Behind $9M Platypus Exploit Acquitted by Paris Court: Report
4.12.2023
Charges were dropped after one of the accused argued he was an "ethical hacker," according to French news publication Le Monde
French Court Acquits Hackers Accused of Targeting Avalanche Stablecoin Project Platypus
4.12.2023
Image Source: Pixabay A French court has acquitted the individuals accused of orchestrating the $8.5 million hack on Platypus Finance, an automated market maker (AMM) protocol on the Avalanche blockchain. According to a report by Le Monde, the defendants, identified as Mohammed and Benamar M., were...
Platypus Exploiters Acquitted of Wrongdoing in Landmark Case
4.12.2023
Mohammed and Benamar M., two brothers accused of exploiting Platypus, an avalanche-based automated market maker (AMM) platform, were acquitted of any criminal wrongdoing in a landmark case for French justice. The judge in charge stated that the individuals just interacted with a smart contract that...
Busy week for Uniswap, and Platypus recovers 90% of hacked funds: Finance Redefined
20.10.2023
Uniswap announced it would start charging a swap fee of 15% from Oct. 17, evoking mixed reactions from the crypto community
Platypus Finance recovers 90% of assets lost in exploit
17.10.2023
As per its agreement, project developers will not pursue legal action against the hacker
Platypus DeFi loses $2.2M in another flash loan exploit
12.10.2023
The attack marks the third time that Platypus was exploited in 2023, with one incident taking $8.5 million in February and another taking $157,000 back in July
DeFi Protocol Platypus Finance Hacked for Over $2 Million on Avalanche – Here's What Happened
12.10.2023
Decentralized finance (DeFi) protocol Platypus Finance has fallen victim to a security breach resulting in the loss of over $2 million.
In a recent blog post on X (formerly Twitter), security firm PeckShield noted that the Avalanche-based project has been exploited.
Following the alert...
Platypus Finance creates compensation portal for users following $9.1M exploit
1.3.2023
The team said that if users find errors in the calculations, they must submit a form along with related evidence before March 3
Authorities in France Arrest Duo Involved in Platypus Exploit
27.2.2023
Flash loan exploit drained protocol of over $9 million in assets and knocked Platypus USD (USP) off its peg
French police arrest 2 people in connection to Platypus attack
25.2.2023
The French police have arrested two suspects and seized 210,000 euros worth of crypto in connection with the Platypus exploit
Platypus Finance divulges its plans for recouping
24.2.2023
Following the $9.1 million hack, Platypus Finance has sought advice from security professionals to address two of its primary concerns. The first is the ability to retrieve as much of the money as possible, and the second is revealing the hacker’s identity. In a first start, Platypus Finance...
Platypus reveals compensation plan for users' funds after attack
23.2.2023
DeFi protocol Platypus seeks to return nearly 78% of the main pool funds by reminting frozen stablecoins
DeFi Protocol Platypus to Repay at Least 63% of User Funds After $9M Hack
23.2.2023
The Avalanche-based protocol worked with crypto exchange Binance to identify the exploiter responsible for the exploit last week
Platypus to work on compensation plan after $8.5M attack
18.2.2023
According to the DeFi protocol, different parties are currently involved in the funds' recovery process, including legal enforcement officials
Platypus DeFi Platform Hit by $8.5M Flash Loan Attack with Unexpected Twist – Here's What Happened
18.2.2023
Decentralized finance (DeFi) protocol Platypus Finance has lost $8.5 million after suffering a flash-loan attack. However, with the help of some on-chain sleuths, the project managed to track down the hacker and even recover some funds. ...
Read More: Platypus DeFi Platform Hit by $8.5M Flash Loan...
Platypus attack exploited incorrect ordering of code, auditor claims
17.2.2023
The misordered lines caused a solvency check to be performed before the user’s amount, factor, and rewardDebt had been set to zero
How Solvency Check Error Led to USP Depegging on Avalanche Based Platypus Finance
17.2.2023
Platypus Finance’s native stablecoin fell to 48 cents from $1 earlier on Friday following the attack
Platypus DeFi faces flash loan attack, according to CertiK
16.2.2023
The market maker is used to swap stable coins on the Avalanche blockchain; it has a total locked value of $46 million, according to DefiLlama
USP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M Attack
16.2.2023
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