This year Platypus suffered third exploit on its platform and lost more than $2 million as a result of a Flashloan Attack.
The Avalnache based protocol has since suspended all trading on its platform and is investigating the incident.
CertiK’s report reveals three attacks on the DeFi platform, resulting in a $2.23 million loss. The initial attack on Oct. 12 claimed $1.2 million, followed by a second attack taking $575,000, and within minutes, the third attack caused $450,000 in asset losses.
This is the third hack that Platypus has suffered this year. In February, the protocol lost $8.5 million in a stablecoin exploit, and in July, it lost $157,000 in another flash loan attack.
Blockchain secuirty agency Supremacy was able to help platypus recover $575k from the exploiter contract successfully!
Platypus announced that the pools will be resumed for trading once all the issues are resolved and security measures have been reinforced.
