French police have arrested two suspects believed to be involved in the attack on the Platypus Finance platform in the middle of this month.
According to Platypus Finance, the Avalanche platform was drained $9.1 million on February 16, French police arrested two suspects in connection with the protocol hack.
Update: @PoliceNationale have arrested and summoned 2 suspicious who were reporting exploiting our platform.
Thanks to the assistance of @binance and @zachxbt in tracing their identities.
Kudos to the prompt action by the authorities!
— Platypus (🦆+🦦+🦫) (@Platypusdefi) February 25, 2023
The project has assisted law enforcement in tracing the identity of the perpetrator and tracing the account used to withdraw the stolen funds, within the framework of help from ZachXBT – who has identified the person behind the incident. hacks and the Binance exchange.
As Kyptos reported, on the evening of February 16, hackers attacked flash loans on Platypus Finance and stealing nearly $9.1 million. Since then, Platypus released a statement confirming the security incident and said it is working with all parties to find the culprit.
Approximately 2.4 million USDC stablecoins have been recovered, thanks to the help of BlockSec. This blockchain security company discovered the attacker’s loophole and obtained the funds. In addition, the platform recovered 1.5 million USDT.
To prevent similar incidents in the future, Platypus Finance is committed to continuing to strengthen the security measures for its platform.