Platypus Finance Recovers 90% of Assets Lost in Exploit, Reports Cointelegraph

Decentralized finance (DeFi) protocol Platypus Finance has announced that it has successfully recovered 90% of the assets that were stolen during a recent security breach.

In a statement released on October 17, the protocol revealed that its net loss amounted to 18,000 AVAX, equivalent to approximately $167,400 at the time of the announcement. The hacker returned the funds voluntarily, leading Platypus Finance to confirm that it will not pursue any legal action. Additionally, the protocol indicated that further information about how users can retrieve their assets will be provided soon.