USP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M Attack

Solana-Based Raydium Exchange Victim of 7-figure Exploit


The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain security firm CertiK.

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