Platypus Finance

Avalanche

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/crypto-live-news/platypus-finance-defi-protocol-on-avalanche-network-suffers-2m-hack/">Platypus Finance DeFi Protocol on Avalanche Network Suffers $2m Hack!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p>
<p>Platypus Finance, a decentralized finance (DeFi) protocol on the Avalanche network, has suffered a security hack resulting in an estimated loss of over $2 million.The project has paused its liquidity pools and stated that updates will be released to the community as soon as possible. The attack appears to have been a flash loan attack, targeting the AVAX-sAVAX liquidity pool. It is not yet known how the hackers carried out the attack. This is not the first time Platypus has suffered a hack, with a similar flash loan attack in February resulting in a loss of $8.5 million.</p>

Platypus Finance DeFi Protocol on Avalanche Network Suffers $2m Hack!

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