Platypus: LP Withdrawals Arranged, Negotiations with Hacker Underway

Stablecoin trading project Platypus Finance has issued a statement on the X platform, stating that their development team is currently conducting an investigation to determine the root cause of the recent attack. As a safety measure, all pools will remain suspended until the team identifies and rectifies the fundamental issue, and the platform will undergo another round of auditing.

Due to the uncertain duration of this investigation, Platypus plans to facilitate the withdrawal of liquidity for all existing LPs, with detailed withdrawal instructions to be shared with the community in the coming days. Additionally, Platypus is currently in contact with the hacker in an attempt to initiate negotiations. Any further developments will be promptly communicated to the community.

Previously, on October 12th, Platypus Finance appeared to have suffered an attack. They posted on the X platform, saying, “Due to suspicious activities in the protocol, we have taken proactive measures to pause all pools. Any further updates will be promptly communicated to the community.” On October 13th, Platypus provided an update, revealing that a security event occurred between 11:29 and 14:17 on October 12th, resulting in a loss of approximately $2.2 million in the sAVAX-AVAX pool. Platypus promptly suspended the pool at 14:50 for investigation and, with assistance from the security platform Supremacy, successfully recovered around 50,000 sAVAX and 7,000 AVAX from one of the attackers.