Platypus Finance creates compensation portal for users following $9.1M exploit By Cointelegraph
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Decentralized finance (DeFi) protocol Platypus Finance has created a portal that enables users to view how much the platform owes them following the recent $9.1 million exploit.
On Feb. 16, the DeFi protocol suffered a flash loan attack, pushing the Platypus USD (USP) stablecoin to break its peg with the U.S. dollar. At the time, Platypus confirmed a loss of around $8.5 million from its main pool. The firm also said they contacted the hacker to negotiate a bounty. A post-mortem report from Platypus auditor Omniscia noted that the attack was possible because of code in the wrong order.
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Decentralized finance (DeFi) protocol Platypus Finance has created a portal that enables users to view how much the platform owes them following the recent $9.1 million exploit.
On Feb. 16, the DeFi protocol suffered a flash loan attack, pushing the Platypus USD (USP) stablecoin to break its peg with the U.S. dollar. At the time, Platypus confirmed a loss of around $8.5 million from its main pool. The firm also said they contacted the hacker to negotiate a bounty. A post-mortem report from Platypus auditor Omniscia noted that the attack was possible because of code in the wrong order.
Continue Reading on Coin Telegraph
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