Dexible and Platypus DeFis attacked, almost $10 million lost Avalanche hack
The vulnerability was found in a swap router contract. The attacker immediately started laundering funds through Tornado Cash mixer. Per the first post-mortem released a few minutes ago, the actual size of losses is yet to be calculated:
This allowed the hacker to steal funds from any wallet that had an unspent spend approval on the contract.Right now, the team is working on a recovery plan. All contracts are paused. Yesterday, the team invited all users to migrate to a new version of smart contract. Also, Platypus, an Avalanche-based decentralized stablecoin protocol, suffered from an $8.5 million attack. Malefactors managed to organize a flash loan attack; the USP stablecoin of the project dropped below $0.5. In a collaboration with Tether Limited, the team managed to freeze the funds on the attacker's USDT account.Right now, the team is in talks with Binance and Circle to lock the rest of the attackers' loot.
Seasoned cryptocurrency researcher ZachXBT assists the team of DeFi in recovering the funds. He claimed that he discovered the Twitter account of the attacker. The attacker might be using domain retlqw.eth ENS.I've traced addresses back to your account from theWe’d like to negotiate returning of the funds before we engage with law enforcement.
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