Platypus Finance suffers its third hack in 2023, losses $2m
The Platypus team said on social media it had taken the ‘proactive measure’ to suspend all pools temporarily. Decentralized finance (defi) protocol Platypus Finance suffered yet another hack this year, as around $2 million was stolen from the project. According to a security firm PeckShield, the protocol has been exploited on the Avalanche blockchain as attackers discovered a vulnerability, allowing them to withdraw Wrapped Avax (WAVAX) and Staked Avax (SAVAX). As of press time, one of the hacker’s wallets is holding over $1.6 million worth of WAVAX and SAVAX. The total sum of the stolen funds is estimated to be over $2 million, according to PeckShield. You might also like: French police arrest two suspects over Platypus Finance hack The Platypus team has confirmed the incident, saying it has “temporarily” suspended all pools due to “suspicious activities in our protocol.” Although the nature of the hack remains unclear, reports sa...