Tag: Platypus Finance

French Ethical Hacker Acquitted Of Charges After Platypus Finance Smart Contract Hack!

In a landmark decision, a French court acquitted Mohammed and Benamar M. of criminal charges related to the February 2023 hack of Platypus Finance, an Automated Market Maker (AMM) protocol on the Avalanche AVAX + network. The hack, which exploited a flaw in Platypus Finance's smart contract, resulted in a loss of approximately $8.5 million in stablecoin collateral.