Hack history / 2023 / Hack or exploit
Platypus Finance
Hack or exploit on Feb 16, 2023 · Unknown
ATTACK TX CONFIRMED ON CHAININ REVIEWSOURCES DISAGREE ON DATE OR LOSS · 5 SOURCES
Lost
$8.5M
sources: $6.1M to $9M
Returned
$223K
3% of the loss, as a source states it
Rank
#336
among thefts by dollars lost
What happened
Platypus Finance was exploited for $8.5M via flashloan. The attacker manipulated the solvency check's cash/liability ratio calculation by depositing to increase liability and performing swaps to reduce cash, artificially inflating slippage.
In review: possible duplicate within one source.
Details
- Date
- Feb 16, 2023
- Kind
- Hack or exploit
- Method
- Unknown
- How in
- Smart contract bug
- Target
- DeFi protocol
- Chains
- Avalanche
- Audit (rekt.news)
- unaudited
After the theft
- Recovered or seized
- $2.4M
“18, The Block reported that at least $2.4 million has been recovered with the help of security firms after the Platypus hack.” (SlowMist Hacked)
Related incidents
Platypus Finance 2023 · Hack or exploit · $2.1M
Platypus Finance 2023 · Hack or exploit · $50K
HTX & Heco 2023 · Hack or exploit · $113.3M
pcash 2023 · Hack or exploit · $2M
Monero 2023 · Hack or exploit · $460K
Platypus Finance 2023 · Hack or exploit · $50K
HTX & Heco 2023 · Hack or exploit · $113.3M
pcash 2023 · Hack or exploit · $2M
Monero 2023 · Hack or exploit · $460K
Cite this page
SwanBluechip, "Platypus Finance hack, Feb 16, 2023: $8.5M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht28c783a85a/ (data as of 2026-10-31).