4 reactions
Platypus Hacker Walks Free With $8.5M After Claiming to Be 'ethical Hacker'
Two brothers, responsible for the theft of $8.5 million from decentralized finance (DeFi) protocol Platypus, were allowed to walk free with no repercussions by a French court.
On Feb. 16, hackers managed to drain and move $8.5 million from Platypus through a flash loan attack, forcing the protocol to suspend trading services until a resolution was found.
#CertiKSkynetAlert We are seeing a #flashloan attack on
— CertiK Alert (@CertiKAlert) February 16, 2023
With the help of Binance’s security team and independent crypto investigators, the stolen funds were tracked, eventually leading to the hackers — Mohammed and his brother Benamar M.
While the duo were held indefinitely in custody from Feb.
Considering the similarity to a bug bounty attempt, the brothers were cleared of all criminal charges.
Related: Platypus Finance recovers 90% of assets lost in exploit
Amid legal proceedings related to the hack, Platypus recently suffered a loss of $2.2 million in another flash loan exploit.
Two brothers, responsible for the theft of $8.5 million from decentralized finance (DeFi) protocol Platypus, were allowed to walk free with no repercussions by a French court.
On Feb. 16, hackers managed to drain and move $8.5 million from Platypus through a flash loan attack, forcing the protocol to suspend trading services until a resolution was found.
#CertiKSkynetAlert We are seeing a #flashloan attack on
— CertiK Alert (@CertiKAlert) February 16, 2023
With the help of Binance’s security team and independent crypto investigators, the stolen funds were tracked, eventually leading to the hackers — Mohammed and his brother Benamar M.
While the duo were held indefinitely in custody from Feb.
Considering the similarity to a bug bounty attempt, the brothers were cleared of all criminal charges.
Related: Platypus Finance recovers 90% of assets lost in exploit
Amid legal proceedings related to the hack, Platypus recently suffered a loss of $2.2 million in another flash loan exploit.
| 23,000 mlx | |
| 23 | |
| 4 |