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Platypus Finance

Jul 12, 2023

$50K
Lost
$50K
Recovered
$0
Net loss
$50K
Unrecovered0% recovered

e, ignoring market price discrepancies. e, the calculation produced unreasonably large quantities, allowing arbitrageurs to extract value.

How the exploit worked

View reproducible PoC

Bussiness Logic Flaw.

Lost: ~$51K

Source: DeFiHackLabs (SunWeb3Sec)

Target
DeFi
Classification
Protocol Logic
Technique
Withdrawal Logic Flaw
Attribution
Unknown
Chains
Avalanche

Event timeline

  1. Jul 12, 2023
    Exploit executed — $50K drained via withdrawal logic flaw
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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