Decentralized finance (DeFi) protocol Platypus has suffered another flash loan exploit, resulting in the loss of over $2 million in assets. The platform has suspended all of its pools in response to the attack. This marks the third attack on Platypus in 2023, with a total of $2.23 million taken across the exploits. The first attack occurred on October 12, taking $1.2 million, followed by a second attack stealing $575,000 worth of assets, and a third attack resulting in the loss of $450,000. Platypus is an automated market maker (AMM) protocol that allows for the automatic trading of digital assets using liquidity pools. The platform previously raised $3.3 million in funding. Flash loan exploits involve traders exploiting vulnerabilities to borrow crypto without providing collateral. In a similar exploit in February, Platypus lost $8.5 million and experienced the de-pegging of its USD stablecoin. The protocol has previously created a compensation portal for victims of attacks to raise concerns and receive compensation.

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Information	Details
Geography	Global
Countries
Sentiment	negative
Relevance Score	1
People	None
Companies	Platypus, Silk Road, Three Arrows Capital, CertiK
Currencies	None
Securities	None