Cryptocurrency
[loss] $167,400
"Platypus DeFi loses $2.2M in another flash loan exploit"
Primary Source ↗Financial Loss
$167,400
(167,400 USD)
Recovered
$1.5M
Blockchain(s)
Avalanche
Incident Details
At this point, they should probably just have a form email ready to go. Platypus Finance has suffered a cumulative $2.23 million in losses thanks to several attacks on the platform over the course of several hours. This set of hacks followed a $8.5 million hack in February, and another hack of at least $150,000 in July.Platypus was quickly able to recover $575,000 from this latest hacker, thanks to a flaw in their attack. Later, they recovered all but $167,400 of the stolen funds after coming to an agreement with the attacker that they would not pursue legal action.
Total loss estimated at $167,400.
Technical Details
- Initial Attack Vector
- Flash loan attack on smart contract
- Vendor / Product
- Platypus Finance
Timeline
- 2023-10-12 Breach occurred
- 2023-10-12 Publicly disclosed