2 years ago
The marketplace shaper is utilized to swap unchangeable coins connected the Avalanche blockchain; it has a full locked worth of $46 million, according to DefiLlama.
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Collect this nonfiction arsenic an NFT
Blockchain information steadfast CertiK reported connected Feb. 16 that it has spotted a flash indebtedness onslaught connected Avalanche-based stableswap level Platypus DeFi. The blockchain information steadfast posted the quality successful a tweet, alongside the attacker declaration address.
— CertiK Alert (@CertiKAlert) February 16, 2023According to the source, astir $8.5 cardinal has been already been moved. As a result, the Platypus USD stablecoin became depegged and dropped 52.2% to $0.478 astatine time of writing.
. @Platypusdefi caller stablecoin has been exploited for astir 8m it appears pic.twitter.com/hNLkiG4l8D
— Spreek (@spreekaway) February 16, 2023A flash onslaught is the aforesaid method used by Avi Eisenberg erstwhile helium allegedly manipulated the terms of Mango Markets’ MNGO coin successful October. Eisenberg said soon aft the exploit that helium believed “all of our actions were ineligible unfastened marketplace actions, utilizing the protocol arsenic designed.”
Platypus has not yet made a nationalist connection connected the incident.
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