Platypus DeFi Attackers are Currently in French Police Custody
According to the DeFi platform, the French authorities have reportedly detained two individuals who are accused of carrying out an assault on Platypus Finance around one week ago.
Binance and ZachXBT were successful in apprehending the aforementioned individuals. However, the general public was not informed of their identities.
Certik’s Platypus Breach: $9M Stolen!
For those unfamiliar with the breach, Certik, a blockchain security tool, shocked the crypto community last week after seeing strange behavior surrounding Platypus. It was discovered that at least one hacker used flash loans to steal $9 million from the DeFi network.
Stablecoins affected were Circle USD (USDC), Tether USD (USDT), and Binance USD (BUSD).
The bulk of the funds stayed in the hacker’s contract address, although some were transferred to other pools. Platypus then enlisted the assistance of Binance and ZachXBT in tracking down the funds and identifying the perpetrator.
After the discovery of the vulnerability, the blockchain security company BlockSec assisted in the recovery of $2.4 million USDC, while Tether froze $1.5 million USDT.
Platypus also declared that it would be returning at least 63% of the stolen funds to the users who were impacted by the breach. This transpired after the DeFi protocol was successful in recovering a portion of the missing cash.
Platypus Finance is a decentralized finance platform that is built on Avalanche. It offers a wide range of DeFi services centered on stablecoins.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.
