Decentralized finance (DeFi) protocol Platypus disclosed details of a recent $9.1 million exploit, alongside efforts to recover the funds, and a compensation plan for victims.

In a Medium post on Feb. 23, the company revealed that a logic error in the USP solvency check mechanism within the collateral-holding contract was responsible for the three separate attacks carried out by the same exploiter. Stableswap's operations have not been affected, said Platypus.

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