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Exploit
Duo Involved in Platypus Crypto Exploit Arrested by French Police
Two people alleged to be behind an attack on the decentralized finance (DeFi) protocol Platypus have been arrested, according to a tweet by France's police department. The flash loan exploit drained the protocol of over $9 million in assets and knocked Platypus USD (USP) off its peg. "The Hash" panel shares their insights as French police aren’t naming the suspects or announcing the charges at this time.
DeFi Protocol Platypus to Repay at Least 63% of User Funds After $9M Hack
The Avalanche-based protocol worked with crypto exchange Binance to identify the exploiter responsible for last week's attack.
BlockTower Capital Loses $1.5M in DeFi Market Aggregator Dexible Exploit: Blockchain Data
The hacker exploited a weakness in a smart contract code, allowing them to drain funds from certain crypto wallets. Crypto “whales” accounted for 85% of the losses.
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.
Orion Protocol Loses $3M of Crypto in Trading Pool Exploit
Wallets associated with the event are sending ether through mixer Tornado Cash.
DeFi Protocol Aave Clears Bad CRV Token Debt from Exploit Attempt
The maneuver comes ahead of the activation of a major tech upgrade of the protocol called Aave v3.
Raydium Exchange Exploiter Sends $2.7M to Tornado Cash
The exploiter sent a total of 42 transactions amounting to 1,774.5 ETH on Thursday.
Defrost Finance Denies Rug Pull Allegations Amid $12M Exploit
The group says it’s retrieved all the funds after offering a bounty to the hacker.
DeFi Protocol Ankr Says Ex-Employee Caused $5M Exploit
The company is working with law enforcement to prosecute the attacker.
Solana-Based Raydium Exchange Victim of 7-Figure Exploit
Currently, about $2 million of different cryptocurrencies are sitting in the attacker’s account.