Platypus Finance exploit on 2023-02-16
Exploit on Avalanche, 16 Feb 2023. Last verified 4 Nov 2026.
notable
Reported loss
Not in USD
see the amount as stated below
Recovered
-
nothing reported
Status
Unknown
updated 26 Oct 2026
Date
Avalanche
Summary
On 2023-02-16 the Avalanche stableswap protocol Platypus Finance was exploited through a flaw in the solvency check of its USP stablecoin; about 9 million in stablecoins were taken in three attacks, and around $381k ended up in an Aave pool, which the team asked Aave governance to rescue.
- Protocol
- Platypus Finance
- Type
- Exploit
- Reported loss
- 9 million in stablecoins
Facts and where they come from
| Fact | Value | Source |
|---|---|---|
| Date | February 16, 2023 at approximately 7 PM UTC | governance.aave.com ↗ |
| Amount | 9 million in stablecoins | governance.aave.com ↗ |
| Stuck in aave | around $381k | governance.aave.com ↗ |
Primary sources
- Platypus team on the Aave governance forum: recover exploited assets stuck on Aave V3 ↗ governance post · accessed 2026-11-04
Our own summary of facts published by the sources above. We do not attribute fault beyond them. Amounts are as the sources state them (no USD conversion by us); links and quoted figures last checked 2026-11-04.
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