Platypus Finance Suffers Second Exploit this Year

Platypus suffers second flash loan attack this year

Platypus, the native Avalanche StableSwap protocol, has temporarily halted all of its pools after uncovering a flash loan exploit on the DeFi platform.On Thursday, PeckShield, the first to report the attack on the platform, revealed that the exploit resulted in losses exceeding $2 million.

CertiK, a blockchain security firm, conducted its own investigation and disclosed that two attackers had managed to acquire approximately $1.3 million worth of wrapped AVAX (WAVAX) and around $913,000 in liquid-staked AVAX (sAVAX). Currently, Platypus is conducting an investigation to determine the details of the incident.

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Reddit's Fortnite token doubles after an 80% decline

The native token of Reddit's Fortnite community, known as Bricks (BRICK), experienced a significant surge of 110% in the last 24 hours. This surge comes after the token had previously lost over 80% of its value in the span of two months. 

The majority of trading volume took place on Kraken, with the total figure across all exchanges reaching nearly $750,000. This represents an impressive increase of 800% compared to the previous 24-hour period, as reported by CoinMarketCap.

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Trezor launches new hardware crypto wallets

Trezor, a provider of hardware wallets, has recently introduced three new products designed to help cryptocurrency enthusiasts securely manage their digital assets. The latest offerings include the Trezor Safe 3 hardware wallet, the Trezor Keep Metal recovery seed backup, and a special edition Trezor Safe 3 wallet exclusively for Bitcoin.

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Japanese digital currency DCJPY to go live in July 2024

DeCurret Holdings, a Japanese company specializing in digital currency and electronic payments, recently released a white paper detailing their upcoming cryptocurrency project known as "DCJPY." The plan is to launch this coin in July 2024.

The whitepaper outlines two main components of the DCJPY Network: the Financial Zone and the Business Zone. In the Financial Zone, banks will have the ability to create digital currency deposits on the blockchain. The Business Zone, on the other hand, will be specifically designated for transactions and will also facilitate the issuance of nonfungible, security, and governance tokens.

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Other breaking news

• Crypto lending invalidated by Chinese court
• Coinbase spot trading volumes fall by 52%
• BTC bull case in play as Fed mulls rate hike pause
• USDR stablecoin loses peg drops by 50%

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Wrapping up

Wrapping up today's edition, we've seen significant developments from a second flash loan attack on Platypus to Reddit's Fortnite token making a strong comeback. Trezor has expanded its hardware wallet line, and Japan's digital currency DCJPY has set its launch date. Stay tuned for more updates in this ever-evolving crypto landscape.