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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://indieweb.social/users/web3isgreat/statuses/109876869210389307">web3 is going just great (web3isgreat@indieweb.social)'s status on Friday, 17-Feb-2023 08:14:23 JST</a><a href="https://indieweb.social/@web3isgreat" title="web3isgreat@indieweb.social"><img src="https://gnusocial.jp/avatar/8878-48-20220905183312.webp" width="48" height="48" alt="web3 is going just great" style="position: absolute; left: 0; top: 0;">web3 is going just great</a></section><article><p>Platypus Finance stablecoin exploited for $8.5 million ten days after launch</p><p>February 16, 2023<br><a href="https://web3isgoinggreat.com/?id=platypus-finance-stablecoin-exploited" rel="nofollow noreferrer">https://web3isgoinggreat.com/?id=platypus-finance-stablecoin-exploited</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/1207990#notice-2565498">In conversation</a><time datetime="2023-02-17T08:14:23+09:00" title="Friday, 17-Feb-2023 08:14:23 JST">Friday, 17-Feb-2023 08:14:23 JST</time> <span>from <span><a href="https://indieweb.social/@web3isgreat/109876869210389307" rel="external" title="Sent from indieweb.social via ActivityPub">indieweb.social</a></span></span><a href="https://indieweb.social/@web3isgreat/109876869210389307">permalink</a><h4>Attachments</h4><ol><li><label><a rel="external" href="https://gnusocial.jp/attachment/727144">Platypus Finance stablecoin exploited for $8.5 million ten days after launchPlatypus USD, a stablecoin issued by the Platypus Finance defi protocol, was exploited only ten days after it first launched. The loss was estimated to be around $8.5 million, although crypto researcher zachxbt observed that Tether had blacklisted the attacker contract shortly after the theft.
The exploit was a flash loan attack that allowed them to drain some protocol pools, also causing the stablecoin to lose its dollar peg and drop to around $0.48. A team member reported on the project's Discord that "all operations are paused until we get more clarity".</a></label><br><a href="https://cdn.masto.host/indiewebsocial/media_attachments/files/109/876/867/181/758/899/original/108db4c7f4f02c79.png" rel="external">https://cdn.masto.host/indiewebsocial/media_attachments/files/109/876/867/181/758/899/original/108db4c7f4f02c79.png</a></li><li><article><header><div>Domain not in remote thumbnail source whitelist: storage.googleapis.com</div><h5><a href="https://web3isgoinggreat.com/?id=platypus-finance-stablecoin-exploited">Platypus Finance stablecoin exploited for $8.5 million ten days after launch</a></h5><div> from <span>@molly0xfff</span></div></header><div>Platypus USD, a stablecoin issued by the Platypus Finance defi protocol, was exploited only ten days after it first launched. The loss was estimated to be around $8.5 million, although crypto researcher zachxbt observed that Tether had blacklisted the attacker contract shortly after the theft.The exploit was a flash loan attack that allowed them to drain some protocol pools, also causing the stablecoin to lose its dollar peg and drop to around $0.48. A team member reported on the project's Discord that "all operations are paused until we get more clarity".</div><footer></footer></article></li></ol></footer></blockquote>

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web3 is going just great (web3isgreat@indieweb.social)'s status on Friday, 17-Feb-2023 08:14:23 JST web3 is going just great
Platypus Finance stablecoin exploited for $8.5 million ten days after launch
February 16, 2023
https://web3isgoinggreat.com/?id=platypus-finance-stablecoin-exploited
In conversationFriday, 17-Feb-2023 08:14:23 JST from indieweb.socialpermalink
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1. Platypus Finance stablecoin exploited for $8.5 million ten days after launch Platypus USD, a stablecoin issued by the Platypus Finance defi protocol, was exploited only ten days after it first launched. The loss was estimated to be around $8.5 million, although crypto researcher zachxbt observed that Tether had blacklisted the attacker contract shortly after the theft. The exploit was a flash loan attack that allowed them to drain some protocol pools, also causing the stablecoin to lose its dollar peg and drop to around $0.48. A team member reported on the project's Discord that "all operations are paused until we get more clarity".
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2. Domain not in remote thumbnail source whitelist: storage.googleapis.com
  Platypus Finance stablecoin exploited for $8.5 million ten days after launch
  from @molly0xfff
  Platypus USD, a stablecoin issued by the Platypus Finance defi protocol, was exploited only ten days after it first launched. The loss was estimated to be around $8.5 million, although crypto researcher zachxbt observed that Tether had blacklisted the attacker contract shortly after the theft.The exploit was a flash loan attack that allowed them to drain some protocol pools, also causing the stablecoin to lose its dollar peg and drop to around $0.48. A team member reported on the project's Discord that "all operations are paused until we get more clarity".

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