French police arrest 2 people in connection to Platypus attack
The French police have arrested two suspects and seized 210,000 euros worth of crypto in connection with the Platypus exploit.
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The French police have arrested two suspects and seized 210,000 euros worth of crypto in connection with the Platypus exploit.
DeFi market saw another exploit this past week on the Platypus protocol, resulting in a loss of over $8 million.
DeFi protocol Platypus seeks to return nearly 78% of the main pool funds by reminting frozen stablecoins.
No customers' funds or information were impacted, according to the company. Coinbase's engineering team believes the attack is associated with a sophisticated phishing campaign.
As the crypto industry recovers, a new generation of modular blockchains could replace centralized bridges and exchanges.
The misordered lines caused a solvency check to be performed before the user’s amount, factor, and rewardDebt had been set to zero
The DeFi market’s total value locked surpassed $50 billion for the first time in six months thanks to the bullish burst in the crypto market over the past week.
Cyber criminals used a variety of methods to siphon funds through hacks and exploits in 2022, amounting to over $2.8 billion in losses.
The security flaw would allow the mint of an unlimited amount of arbitrary tokens. The issue was privately disclosed to the BNB team.
The trick allows the attacker to confirm zero-value transactions from the victim’s wallet, hijacking the user’s transaction history.