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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.

Updated Feb 17, 2023, 11:03 a.m. Published Feb 16, 2023, 9:34 p.m.
(Getty Images)
(Getty Images)