Platypus exploiters walk free after claiming to be ‘ethical hackers’

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While Mohammed M. and his brother were cleared of all criminal charges, 7.8 million euros worth of crypto tokens became inaccessible after getting stuck in a wallet.

A French court has allowed two brothers responsible for the theft of $8.5 million from decentralized finance (DeFi) protocol Platypus to walk free with no repercussions.

On Feb. 16, hackers managed to drain and move $8.5 million from Platypus through a flash loan attack, forcing the protocol to suspend trading services until a resolution was found.

With the help of Binance’s security team and independent crypto investigators, the stolen funds were tracked, eventually leading to the hackers: Mohammed and his brother Benamar M.

The brothers had been held in custody since Feb.

Considering its similarity to a bug bounty attempt, the court cleared the brothers of all criminal charges.

Related: Platypus Finance recovers 90% of assets lost in exploit

Amid the legal proceedings related to the hack, Platypus recently suffered a $2.2 million loss in another flash loan exploit.

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