Platypus: The sAVAX-AVAX Pool Has Lost Approximately US$2.2 Million, and 50,000 sAVAX and 7,000 AVAX Have Been Recovered

October 13th, stablecoin trading project Platypus Finance reported a security incident that occurred between 11:29 pm and 2:17 am on October 12th, resulting in a loss of approximately $2.2 million in the sAVAX-AVAX pool. Platypus suspended the fund pool and conducted an investigation at 2:50 pm. With the help of security platform Supremacy, they successfully recovered about 50,000 sAVAX and 7,000 AVAX from one of the attackers. Platypus is working with security experts to identify and correct vulnerabilities. Until the problem is completely resolved and security measures are strengthened, Platypus will not restart the fund pool.

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