Platypus Suffers Second Flash Loan Attack, Losing Over $2 Million Worth of AVAX Tokens

Platypus, the Avalanche-native StableSwap protocol, has experienced its second flash loan attack in nine months, resulting in losses exceeding $2 million. The attack led to the loss of $1.3 million worth of wrapped AVAX and about $913,000 in liquid staked AVAX. The protocol has suspended all of its pools and is currently investigating the incident.