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TechFlow reports, according to SlowMist monitoring, the stablecoin trading project Platypus has been attacked again. Due to CoverageRatio not accounting for price differences between two pools during token swaps, users were able to deposit USDC and then withdraw larger amounts of USDT for arbitrage. The attacker exploited this method to profit approximately 50,000 USDC.
The stablecoin trading project Platypus has been attacked again, as the CoverageRatio did not account for price differences between two pools during token swaps, allowing users to deposit USDC and then withdraw more USDT to arbitrage. Arbitrageurs exploited this method to profit approximately 50,000 USDC.
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