// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> DeFi Protocol Platypus Finance Loses Over $2M in Another Flash Loan Attack: Report – CoinsMegaNews

DeFi Protocol Platypus Finance Loses Over $2M in Another Flash Loan Attack: Report

2 years ago CryptoExpert
DeFi Protocol Platypus Finance Loses Over $2M in Another Flash Loan Attack: Report

[ad_1]

Decentralized finance (DeFi) protocol Platypus Finance has suffered yet another flash loan exploit that resulted in the loss of over $2 million.

Blockchain security firm PeckShield was the first to alert the community about the hack on October 12th, shortly after which the platform announced temporarily suspending all pools. On-chain data also suggest that the perpetrators specifically target the AVAX-sAVAX liquidity pool.

According to CertiK’s investigation, two malicious entities stole approximately $1.3 million worth of wrapped AVAX (WAVAX) and around $913,000 in liquid-staked AVAX (sAVAX).
The DeFi protocol is yet to release a post-mortem report and verify the amount of digital assets stolen but has revealed initiating an investigation into the matter.

“Due to suspicious activities in our protocol, we have taken the proactive measure of temporarily suspending all pools. Further updates will be communicated to the community in a timely manner. Thank you for your patience and understanding during this time.”

Platypus is an Automated Market Maker (AMM) protocol that operates on the Avalanche blockchain, primarily designed for the exchange of stablecoins.
The platform secured $3.3 million in funding during a round spearheaded by Three Arrows Capital in 2021, which has since declared bankruptcy.
This isn’t the first time the protocol fell victim to a flash loan attack. In February, Platypus Finance experienced a devastating loss of more than $8.5 million.
During this incident, the attackers exploited a vulnerability within Platypus Finance’s native stablecoin’s USP solvency check mechanism, deceiving the smart contracts into believing that USP was fully backed.
By September, the team behind the DeFi protocol had successfully recovered approximately 61.7% of the initial losses suffered by their liquidity pools during the USP exploit. To further compensate, they accessed a reserved treasury and initiated a second phase of recovery on September 26.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

[ad_2]

Source link

More Stories

Autoglyphs Set Fetches Record-Breaking $14.6 Million in Historic NFT Sale

ZachXBT Exposes NFT Project Creator of Fabricating Hack to Buy DeGods and y00t

1 year ago CryptoExpert
Autoglyphs Set Fetches Record-Breaking $14.6 Million in Historic NFT Sale

Punk #7804 Sold for Over $16M in ETH

1 year ago CryptoExpert
NodeMonkes Sees 53% Surge in Floor Price

NodeMonkes Sees 53% Surge in Floor Price

1 year ago CryptoExpert
CryptoPunks NFT Collection Records Another Big Sale

CryptoPunks NFT Collection Records Another Big Sale

1 year ago CryptoExpert
Energy Trading Platform SunContract Introduces First NFT-Powered Solar Panels Marketplace

Energy Trading Platform SunContract Introduces First NFT-Powered Solar Panels Marketplace

1 year ago CryptoExpert
Solana NFT Sales Reached Massive Milestone as SOL Price Stalls at $100

Solana NFT Sales Reached Massive Milestone as SOL Price Stalls at $100

1 year ago CryptoExpert

Leave a Reply

Your email address will not be published. Required fields are marked *

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Online Gambling Establishment Real Money: A Comprehensive Overview to Winning Large

2 days ago xtw18387208b

How to Deposit at Online Gambling Establishments Using Neteller

2 days ago xtw18387208b

Free Online Slots No Download: The Ultimate Guide

2 days ago xtw18387208b

The Best Places to Play Casino Games Online

2 days ago xtw18387208b