{"id":74682,"date":"2023-02-27T13:49:07","date_gmt":"2023-02-27T11:49:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74682"},"modified":"2025-09-09T21:39:16","modified_gmt":"2025-09-09T18:39:16","slug":"two-suspects-arrested-in-france-over-platypus-attack","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/two-suspects-arrested-in-france-over-platypus-attack\/","title":{"rendered":"Two suspects arrested in France over Platypus attack"},"content":{"rendered":"<p>French police arrested two suspects in the attack on the DeFi protocol Platypus, in which the project lost assets of <a href=\"https:\/\/forklog.com\/en\/news\/platypus-defi-protocol-on-avalanche-loses-8-5-million-in-hack\">more than $9 million<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"fr\" dir=\"ltr\">[<a href=\"https:\/\/twitter.com\/hashtag\/Cybercriminalit%C3%A9?src=hash&#038;ref_src=twsrc%5Etfw\">#Cybercriminalit\u00e9<\/a>]La <a href=\"https:\/\/twitter.com\/hashtag\/PoliceNationale?src=hash&#038;ref_src=twsrc%5Etfw\">#PoliceNationale<\/a> met fin \u00e0 une escroquerie d&#8217;ampleur pour un pr\u00e9judice de 9,5 millions?sur une soci\u00e9t\u00e9 am\u00e9ricaine d\u2019\u00e9change de cryptomonnaies.<br \/>Interpellation et convocation en justice de 2 individus<br \/>?saisie de 210 000 \u20ac en cryptomonnaies<a href=\"https:\/\/twitter.com\/hashtag\/PoliceJudiciaire?src=hash&#038;ref_src=twsrc%5Etfw\">#PoliceJudiciaire<\/a> <a href=\"https:\/\/t.co\/rKKuG95cWh\">pic.twitter.com\/rKKuG95cWh<\/a><\/p>\n<p>\u2014 Police nationale (@PoliceNationale) <a href=\"https:\/\/twitter.com\/PoliceNationale\/status\/1629173561293242369?ref_src=twsrc%5Etfw\">February 24, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Law enforcement confiscated \u20ac210 000 in cryptocurrencies from the detainees.<\/p>\n<p>For the unauthorized withdrawal from Platypus on November 17, unknown individuals exploited <a href=\"https:\/\/forklog.com\/en\/news\/what-are-flash-loans\">an &#8220;instant loan&#8221;<\/a> and a vulnerability in the collateral contract&#8217;s solvency check. According to the DeFi platform&#8217;s statement, losses amounted to about 35% of users&#8217; funds in the main pool.<\/p>\n<p>As a result of the attack, the Platypus USD (USP) stablecoin lost its peg to the US dollar. At the time of writing, the &#8220;stablecoin&#8221; trades at around $0.32 (<a href=\"https:\/\/www.coingecko.com\/en\/coins\/platypus-usd\">CoinGecko<\/a>).<\/p>\n<p>Following the incident, the platform&#8217;s team reached out to several crypto firms for help freezing and recovering the stolen funds.<\/p>\n<p>On February 23, protocol developers presented a plan to restore users&#8217; assets. They also said that, with joint efforts, they managed to recover 2.4 million <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-usdc-stablecoin\">USDC<\/a> and block 1.5 million <a href=\"https:\/\/forklog.com\/en\/news\/what-is-tether-usdt\">USDT<\/a>. Regarding the crypto moved to Aave during the attack (~$377,000 in various stablecoins), the matter has been put to a vote by the lending protocol&#8217;s community.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Since the attack, we&#8217;ve been working with security experts &#038; stakeholders to recover lost funds, trace the hacker, and explore potential solutions to retrieve trapped funds.<br \/>Here&#8217;s an update on the progress made thus far ?<br \/>Check our medium for more info?<a href=\"https:\/\/t.co\/VoNYl9MAtd\">https:\/\/t.co\/VoNYl9MAtd<\/a><\/p>\n<p>\u2014 Platypus ? (?+?+?) (@Platypusdefi) <a href=\"https:\/\/twitter.com\/Platypusdefi\/status\/1628759079928856576?ref_src=twsrc%5Etfw\">February 23, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Platypus noted that identifying those involved in the attack was aided by specialists from the Binance crypto exchange and renowned on-chain sleuth ZachXBT.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Update: <a href=\"https:\/\/twitter.com\/PoliceNationale?ref_src=twsrc%5Etfw\">@PoliceNationale<\/a> have arrested and summoned 2 suspects who were reportedly exploiting our platform. <br \/>Thanks to the assistance of <a href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\">@binance<\/a> and <a href=\"https:\/\/twitter.com\/zachxbt?ref_src=twsrc%5Etfw\">@zachxbt<\/a> in tracing their identities. <br \/>Kudos to the prompt action by the authorities!<\/p>\n<p>\u2014 Platypus ? (?+?+?) (@Platypusdefi) <a href=\"https:\/\/twitter.com\/Platypusdefi\/status\/1629448306186412033?ref_src=twsrc%5Etfw\">February 25, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to <a href=\"https:\/\/defillama.com\/protocol\/platypus-finance\">DeFi Llama<\/a>, <span data-descr=\"aggregate value of funds locked in smart contracts\" class=\"old_tooltip\">TVL<\/span> of the platform stands at $39.2 million. Before the attack, the figure peaked at $54.6 million. Those figures are far from the March 2022 peak of $1.23 billion.<\/p>\n<p>In 2022, <a href=\"https:\/\/forklog.com\/en\/news\/what-is-web3\">Web3<\/a>-industry lost about <a href=\"https:\/\/forklog.com\/en\/news\/report-crypto-industry-losses-from-hacks-in-2022-rise-to-3-6-billion\">$3.6 billion<\/a> in hacks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>French police arrested two suspects in the attack on the DeFi protocol Platypus, in which the project lost assets of more than $9 million.<\/p>\n","protected":false},"author":1,"featured_media":74683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,1444],"class_list":["post-74682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-law-enforcement"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/74682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=74682"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/74682\/revisions"}],"predecessor-version":[{"id":74684,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/74682\/revisions\/74684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/74683"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=74682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=74682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=74682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}