Avalanche (AVAX)-based Platypus Finance announced the detailed recovery plan of the $ 9.1 million asset stolen from the platform and what happened during the process.
Last week a exposed to flash loan attack A blog post recently shared by Platypus’ team included what happened after the incident and details of the recovery plan. The team in total They suffered a loss of 9.1 million dollars assets stolen under the compensation plan least 63%He stated that the money will be paid back to the users.
In his blog post, Platypus belongs to compensating victims of the attack. 1.4 million dollars in treasury assets It was stated that it has not been touched yet, but that this can be done within the next six months if enough assets cannot be recovered. However, the attacker’s main pool of funds 35%While it was stated that it could not access the pre-attack assets at all 17%representing the 2.4 million USDC has already been recovered.
The protocol is also used by crypto exchanges to authenticate the attacker. Binance worked with. In addition, the team said it had contacted law enforcement and FranceHe stated that he had filed a complaint in
Up to 78% refund available
The post explained that the exploit consisted of three consecutive attacks by the same person. This attack, which caused a total damage of 9.1 million dollars, $2.4 million part blockchain security firm BlockSecHe was rescued with the help of
the attacker 380 thousand dollars presence of DeFi protocol aavePlatypus initiated a bid on Aave’s governance forum to repurchase said assets. on the other hand Tetherstolen USDT 1.5 million dollars He said it was frozen. If Tether agrees to return the frozen USDT to Platypus and Aave approves the bailout offer, the user funds will be 78%will be saved.
287 thousand dollars if the entity Tornado Cash And Aztec Network The protocol does not fund these funds, as it has been “laundered” through unrecoverable marked as.
The USP lost its stability in the dollar due to this attack last week. CoinGecko according to data USP at the time of writing from $0.32 is being traded.