This is the second apparent hack of Platypus Finance, following an $8.5 million hack only ten days after it launched in February 2023. The first hack also involved flash loans.
Platypus Finance hacked for the second time
Platypus Finance paused their pools after they were alerted to what they described as "suspicious activities". Security firm PeckShield was apparently the first to notice the activity, sending them a dreaded "hi, you might want to take a look" tweet that has become their signature way of alerting protocols that something bad has just happened. The CertiK security project also tweeted that they'd observed multiple suspicious flash loans involving the project.