Platypus Finance, a decentralized finance (DeFi) protocol that offers stablecoin swaps and lending on the Avalanche blockchain, announced that it has detected some suspicious activity in its pools.
The protocol was hacked again last February and suffered a loss of $ 9 million.
Following the warning from blockchain security company Peckshield, Platypus officials made an official announcement on Twitter:
“We have detected some suspicious activity in our pools.
All pools are currently discontinued while we investigate.
We will share more information later.
We apologize for any inconvenience this may cause.”
— PeckShield Inc. (@peckshield) July 11, 2023
After the hack in February, platform officials announced that they would return at least 63% of their funds to lost users.
The protocol later managed to recover some of the funds and worked with the cryptocurrency exchange Binance to identify the hacker. The hacker was later arrested by the French police along with another accomplice.
*Not investment advice.