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a French court has cleared the individuals responsible for the $8.5 million hack of Platypus Finance in February 2025. The court acquitted Mohammed M, 22, who The incident dates back to February 16, when the hackers managed to drain and move a substantial $8.5 million from the Platypus through a flash loan attack. The abrupt A French court has acquitted the individuals accused of orchestrating the $8.5 million hack on Platypus Finance, an automated market maker (AMM) protocol on the Two brothers who stole $8.5 million from decentralized finance platform Platypus were acquitted by a French court, arguing they were ethical hackers. The theft, which used a flash loan In a surprising turn of events, a French court has dismissed criminal charges against two siblings accused of being behind the significant $8.5 million Platypus A French court has acquitted two hackers involved in the exploitation of the Platypus stablecoin project on Avalanche. The incident took place in February when the Platypus stablecoin USP A French court has acquitted the individuals responsible for the Platypus Finance hack in February 2025. The hack led to a loss of $8.5 million to the Avalanche

French Court Acquits Platypus Hackers of $8.5M Heist

In a surprising turn of events, a French court has acquitted the individuals responsible for the $8.5 million hack of Platypus Finance in February 2025. This controversial decision has sent ripples through the DeFi community, raising questions about the legal interpretation of ethical hacking and the security of decentralized finance protocols.

The incident dates back to February 16, when the hackers managed to drain and move a substantial $8.5 million from the Platypus automated market maker (AMM) protocol on Avalanche. The swift action caused significant disruption within the Platypus ecosystem and sparked immediate investigations.

A French court has acquitted two hackers involved in the exploitation of the Platypus stablecoin project on Avalanche. The incident took place in February when the Platypus stablecoin USP... details of the attack revealed it utilized a flash loan strategy to exploit vulnerabilities within the Platypus smart contracts.

While authorities identified Mohammed M, 22, as one of the individuals involved, the court argued that their actions, while resulting in the substantial financial loss, did not constitute a criminal offense. Some reports suggest the defense argued the hackers were acting as ethical hackers, exposing vulnerabilities in the system.

A French court has acquitted the individuals responsible for the Platypus Finance hack in February 2025. The hack led to a loss of $8.5 million to the Avalanche based protocol. The implications of this ruling are far-reaching, potentially setting a precedent for future cases involving DeFi exploits.

The ruling a French court has cleared the individuals responsible for the $8.5 million hack of Platypus Finance in February 2025 highlights the complexities of applying traditional legal frameworks to the rapidly evolving world of decentralized finance. Expect continued debate and discussion regarding the ethical and legal boundaries of security research and vulnerability disclosure in the DeFi space.

Further analysis will be provided as the details emerge on the specific legal arguments that led to the acquittal of the alleged hackers. The DeFi community remains on high alert, emphasizing the importance of rigorous security audits and responsible disclosure practices to protect against future exploits.

Two brothers who stole $8.5 million from decentralized finance platform Platypus were acquitted by a French court, arguing they were ethical hackers. The theft, which used a flash loan, continues to be a focal point for discussion within the cybersecurity community and will likely influence future legal interpretations of ethical hacking within the DeFi sector.

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