Platypus salvages $2.4 million in hacked funds with BlockSec's help

02/18 00:41

According to The Block, after the Platypus protocol was hacked yesterday, at least 2.4 million USDC was returned to the exploited platform with help from blockchain security firm BlockSec. Of the almost $9.1 million in stolen funds from Platypus, it was revealed that the attacker could only cash out $270,000, according to MetalSleuth, a visualization tool from Blocksec. Some $8.5 million of stolen funds are frozen in the contract they were transferred to, and another $380,000 from a second attempted exploit were accidentally sent back to Aave, on-chain data show. Retrieving a portion of the stolen funds for Platypus revolved around BlockSec’s plan to take advantage of a loophole in the attacker’s contract. To get back the crypto, BlockSec used a callback function in the attacker’s contract.

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