DeFi platform Platypus says nearly $9 million in crypto stolen in flash loan attack

Decentralized finance (DeFi) platform Platypus said Thursday night that about $8.5 million in cryptocurrency was stolen by a hacker that the company is now in communication with.

Platypus wrote on Twitter that the hacker used a flash loan attack — a maneuver involving a fast, uncollateralized loan that artificially raises the price of a digital coin before the hacker dumps it at a profit. 

On Friday afternoon, the company said it had worked with blockchain security firm BlockSec to recover …

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