Platypus DeFi Incident Analysis
ID: b1d25b09-98d3-529a-b627-8182d33d019b
STIX ID: report--b1d25b09-98d3-529a-b627-8182d33d019b
Feed Name: CertiK Blog
On 12 October 2023 Platypus Finance was attacked via flash-loan-driven price manipulation of WAVAX and sAVAX pools, resulting in three exploit transactions by EOAs 0x0cd4 and 0x4640 that extracted roughly $2.23M; attackers used large WAVAX/sAVAX deposits, swaps and withdrawals to manipulate pool pricing and profit after repaying flash loans, and the team recovered about $575k following an exploiter error. The report includes transaction and contract addresses, a detailed attack flow, amounts moved, and places this incident in the context of other Platypus and broader flash-loan activity in 2023.
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