Platypus Finance, a decentralized-finance (DeFi) protocol for stablecoins, announced French National Police have arrested and summoned 2 suspects who were reportedly exploiting Platypus platform.
Yesterday, Platypus revealed details and compensation plan for users' funds after the recent $9.1 million exploit. The plan ensures a minimum of 63% of funds will be distributed, and if their proposal submitted to Aave is approved and Tether confirms reminting the frozen USDT, approximately 78% of funds can be recovered.
Update: @PoliceNationale have arrested and summoned 2 suspects who were reportedly exploiting our platform.
— Platypus 🔺 (🦆+🦦+🦫) (@Platypusdefi) February 25, 2023
Thanks to the assistance of @binance and @zachxbt in tracing their identities.
Kudos to the prompt action by the authorities!
Platypus is currently working on a page that will enable users to check their pre-attack balance, post-attack USP-related actions, and the amount eligible to claim once the first compensation is ready.
According to Platypus, users can check the breakdown of their pre-attack balance, including their Main Pool deposit, USP balance, & USP debt. They can also check post-attack actions, the compensation rate will vary depending on the action type.
The first compensation will be ready for users to claim when all the calculations are finalized. The target date of this refund will be within the month of March.
We're pleased to inform our users that we are now working on a page that will enable you to check your pre-attack balance, post-attack USP-related actions, and the amount you'll be eligible to claim once the first compensation is ready.
— Platypus 🔺 (🦆+🦦+🦫) (@Platypusdefi) February 25, 2023
It will be available on Feb 27th. 🧵
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