Platypus Security Incident: $2.20M Reported Loss
On October 12th, the stablecoin trading project Platypus Finance appeared to have been hit by a suspected hacker attack, with total losses of around $2.2 million.
- Reported loss
- $ 2,200,000
Incident Overview
Platypus Finance tweeted, "Due to suspicious activities in our protocol, we have taken the proactive measure of temporarily suspending all pools. Further updates will be communicated to the community in a timely manner." On October 13, Platypus Finance tweeted that it had recovered around 50k sAVAX and 7k AVAX from one of the exploiters successfully. On October 17, Platypus Finance announced that 90% of the stolen funds have been returned and that the net loss has been reduced to approximately 18,000 AVAX.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.