ChainCatcher news, according to The Block, a French court has declared the suspects in the $8.5 million hacking case of the stablecoin trading project Platypus Finance not guilty. The suspects were arrested a week after the hacking incident, following information provided by cryptocurrency detective ZachXBT and Binance that helped French police track down the two brothers.It is reported that the defendants claimed to be "ethical hackers," asserting that they obtained the funds in order to return them to the protocol, hoping to receive 10% of the total amount as a reward. Under this defense, the defendants were acquitted.

ChainCatcher news, the stablecoin trading project Platypus Finance on the Avalanche chain stated on the X platform that users can now withdraw refunds (for users with stolen funds) on Platypus. The portion of shares deposited through aggregators is not included; please wait for further announcements from the aggregators.Previously, on October 17, Platypus claimed to have recovered 90% of the stolen funds and will subsequently announce withdrawal arrangements.

ChainCatcher news, the stablecoin trading project Platypus Finance, which was previously attacked, stated that it is calculating the amount of funds to be reimbursed to each user, including funds from aggregators. Platypus Finance plans to start distributing the funds that need to be reimbursed next week.Previous report, on October 12, according to monitoring by PeckShield, the stablecoin trading project Platypus Finance was suspected of being hacked, resulting in a loss of approximately $1 million in AVAX.

ChainCatcher news, the stablecoin trading platform Platypus stated in a post on X that an attack on October 12 resulted in approximately $2.2 million in losses for the sAVAX-AVAX pool. With the help of the security platform Supremacy, they successfully recovered about 50,000 sAVAX and 7,000 AVAX from one of the exploiters. The team is working closely with security experts to identify and rectify the vulnerabilities. Platypus will not restart the liquidity pool until these issues are thoroughly resolved and security measures are strengthened.

ChainCatcher news, according to monitoring by PeckShield, the stablecoin trading project Platypus Finance is suspected of being hacked, resulting in a loss of approximately 1 million dollars in AVAX.

According to ChainCatcher news, the analysis by the OKLink On-Chain Guardian Security Team indicates that in February 2023, security incidents resulted in approximately $37.96 million in losses, with both the number of incidents and the amount of losses significantly increasing compared to last month.Among these, the Platypus Finance flash loan attack resulted in the highest single-instance loss, reaching $8.5 million. The number of rug pulls remained roughly the same as last month, with a significant decrease in the proportion of loss amounts. However, incidents such as social media scams are still prevalent, with many cases of Twitter project accounts being impersonated and official Discord channels being attacked to post phishing links. (Source link)

ChainCatcher news, the stablecoin trading project Platypus Finance on the Avalanche chain has launched a compensation page for victims of the hack, where users can view their balances before the attack and actions taken after the attack. If there are any discrepancies, users can submit a Google form with supporting evidence. The submission deadline is March 4th, 7:59 AM Beijing time. The team will prepare the first compensation payment within three months after receiving feedback and completing calculations.Previously reported, Platypus announced on February 17th that its stablecoin USP suffered a loss of approximately $8.5 million due to a hacker flash loan attack and is exploring compensation options. (source link)

ChainCatcher news, according to a tweet from the French police department, two attackers who exploited a flash loan to cause a loss of $9 million to the DeFi protocol Platypus have been arrested by French authorities.Previous report stated that on February 17, Platypus hackers exploited a vulnerability in the platform's solvency check mechanism to steal $9.2 million in digital assets. Platypus has recovered $2.4 million and $687,000 in BUSD, and has collaborated with Tether to freeze $1.5 million in USDT. Currently, the French police have seized approximately $220,000 worth of cryptocurrency. (CoinDesk)

ChainCatcher news, DeFi protocol Platypus Finance stated that after managing to recover a portion of the 9 million dollars lost from the protocol last week, it will refund users at least 63% of the funds.It is reported that the protocol is also collaborating with the cryptocurrency exchange Binance to confirm the identity of the attacker. The hacker used a Binance account that made withdrawal requests through KYC. Platypus has stated that it has contacted law enforcement and filed a complaint in France.ChainCatcher previously reported that last week, a hacker exploited a vulnerability in the platform's solvency check mechanism to steal 9.2 million dollars worth of digital assets. (Source link)