DeFi protocol Platypus suffers $8.5M flash loan attack, suspect identified
The attack has led to the de-pegging of the Platypus USD stablecoin, which fell to $0.48 from $1.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The attack has led to the de-pegging of the Platypus USD stablecoin, which fell to $0.48 from $1.
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Sui’s Hashi Launches With $500M to Turn Bitcoin Into Productive DeFi Collateral Markets
Key Takeaways: With more than $500 million in locked-in tokens, Hashi will launch its phased mainnet launch. The protocol enables...
Stealing $1.5B in crypto is easy, cashing out is the trap
North Korean hackers stole around $1.5 billion from Bybit in February 2025. While the hack itself has been widely covered and anal...
Ledger Wallet Mystery Deepens as Suspected Losses Hit $93.4M
On Friday, the crypto community finds itself confronting yet another security controversy, this time involving hardware wallet man...
Ethereum leads stablecoin market cap growth, adding $243M in a week
Ethereum's stablecoin growth highlights potential concentration risks and market consolidation, impacting DeFi liquidity and stabi...
EU Securities Regulator Wants Crypto Platforms to Wind Down Non-MiCA Stablecoin Services
The European Securities and Markets Authority (ESMA) issued an opinion dated Oct. 8 saying licensed crypto platforms should stop s...
TRON captures 23% of stablecoin card volume in Q3 2026
TRON's significant share in stablecoin card volume highlights its growing influence in digital payments, but competition remains f...