Platypus

Platypus Finance creates compensation portal for users following $9.1M exploit

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 exhibits compensation thought for users’ funds after assault

Platypus finds compensation belief for users’ funds after attack

TRADE ANALYSIS

Decentralized finance (DeFi) protocol Platypus disclosed details of a recent $9.1 million exploit, alongside efforts to recover the funds, and a compensation plan for victims. In a Medium post on Feb. 23, the company revealed that a logic error in the USP solvency check mechanism within the collateral-holding contract was responsible for the three separate