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DeFi Protocol Platypus Finance Hacked for Over $2 Million on Avalanche – Here's What Happened

Decentralized finance (DeFi) protocol Platypus Finance has fallen victim to a security breach resulting in the loss of over $2 million. In a recent blog post on X (formerly Twitter), security firm PeckShield noted that t...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

DeFi Protocol Platypus Finance Hacked for Over $2 Million on Avalanche – Here's What Happened
Decentralized finance (DeFi) protocol Platypus Finance has fallen victim to a security breach resulting in the loss of over $2 million. 
In a recent blog post on X (formerly Twitter), security firm PeckShield noted that the Avalanche-based project has been exploited. 
Following the alert, Platypus Finance confirmed that there had been suspicious activities in the protocol, prompting the project to take "the proactive measure of temporarily suspending all pools."...
Read More: DeFi Protocol Platypus Finance Hacked for Over $2 Million on Avalanche – Here's What Happened

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This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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