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Decentralized finance (DeFi) firm Platypus is working on a compensation plan for users’ losses after a flash loan attack drained nearly $8.5 million from the protocol, affecting its stablecoin dollar-peg.
In a tweet on Feb. 18, Platypus said it was working on a plan to compensate the damages and asked users not to realize their losses in the protocol, saying this would make it harder for the company to manage the issue. Asset liquidations are also paused, said the protocol:
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