{"id":557993,"date":"2023-03-01T11:43:52","date_gmt":"2023-03-01T08:43:52","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/platypus-finance-creates-compensation-portal-for-users-following-9-1m-exploit\/"},"modified":"2023-03-01T11:43:52","modified_gmt":"2023-03-01T08:43:52","slug":"platypus-finance-creates-compensation-portal-for-users-following-9-1m-exploit","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/platypus-finance-creates-compensation-portal-for-users-following-9-1m-exploit\/","title":{"rendered":"# Platypus Finance creates compensation portal for users following $9.1M exploit"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a27e23550fe2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a27e23550fe2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/platypus-finance-creates-compensation-portal-for-users-following-9-1m-exploit\/#%E2%80%9D_Platypus_Finance_creates_compensation_portal_for_users_following_91M_exploit_%E2%80%9C\" >&#8221; Platypus Finance creates compensation portal for users following $9.1M exploit &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Platypus_Finance_creates_compensation_portal_for_users_following_91M_exploit_%E2%80%9C\"><\/span>&#8221; Platypus Finance creates compensation portal for users following $9.1M exploit &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvOTUwMzVjNTEtZDUzNy00Y2UyLWIyYTctZTU2NzZhZjAxZWMxLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>Decentralized finance (DeFi) protocol Platypus Finance has created a portal that enables users to view how much the platform owes them following the recent $9.1 million exploit that the platform suffered.<\/p>\n<p>On Feb. 16, the DeFi protocol suffered a flash loan attack, pushing the Platypus USD stablecoin to break its peg with the U.S. dollar. At the time, Platypus confirmed a loss of around $8.5 million from its main pool. The firm also said that they have contacted the hacker to negotiate a bounty. A post-mortem report from Platypus auditor Omniscia said that the attack was possible because of code that was in the wrong order. <\/p>\n<p>Following the hack, the team worked on a compensation plan for users&#8217; funds. On Feb. 23, the team announced that they are seeking to return around 78% of the main pool funds by reminting frozen stablecoins. By then, the team also confirmed that apart from the $8.5 million loss, a second and a third incident led to another $667,000 in losses, making the total losses around $9.1 million. <\/p>\n<p>According to the latest update from the protocol, they launched a page that lets viewers check how much compensation they can get from the platform. the page contains several sections that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/platypus-finance\/usp-compensation-page-a-step-by-step-guide-fd7c235710f8\">allow<\/a> users to better understand how much they are owed after the exploit. This includes an overview, a pre-attack net value and post-attack adjustments. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We have just released a page where you can check the value of your loss and expected compensation for our first claim.<br \/><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/UTT054VpEk\">https:\/\/t.co\/UTT054VpEk<\/a> <\/p>\n<p>Need a walk-through? We have prepared a medium for you: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/ZAjjogCCdX\">https:\/\/t.co\/ZAjjogCCdX<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/mhdagdjmw3\">pic.twitter.com\/mhdagdjmw3<\/a><\/p>\n<p>\u2014 Platypus  (++) (@Platypusdefi) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Platypusdefi\/status\/1630595671660331008?ref_src=twsrc%5Etfw\">February 28, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The team also highlighted that if anyone finds errors within the calculations, they could submit a form along with supporting evidence to back their claim before Mar. 3, 11:59 PM (UTC). The DeFi protocol pointed out that once all feedback is received, they will finalize the calculations. After that, the first compensation will be available for users to claim in March.\u00a0<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>DeFi \u2018fragility\u2019 causes and cures explored in highly technical Bank of Canada study<\/em><\/strong><\/p>\n<p>The team also said that refunds are currently their top priority and that they&#8217;re working to recover any remaining funds. <\/p>\n<p>Meanwhile, French police arrested two suspects related to the hack and seized around $222,000 worth of crypto assets on Feb. 25. According to Platypus, the arrests were supported by crypto sleuth ZachXBT and the Binance exchange. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/platypus-finance-creates-compensation-portal-for-users-following-9-1m-exploit\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Platypus Finance creates compensation portal for users following $9.1M exploit &#8220; Decentralized finance (DeFi) protocol Platypus Finance has created a portal that enables users to view how much the platform owes them following the recent $9.1 million exploit that the platform suffered. On Feb. 16, the DeFi protocol suffered a flash loan attack, pushing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":557994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/95035c51-d537-4ce2-b2a7-e5676af01ec1.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74868,74882,70944],"class_list":["post-557993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-defi","tag-hacks","tag-hackers"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/557993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=557993"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/557993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/557994"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=557993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=557993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=557993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}