February 24, 2025
DeFi Faces Intense Scrutiny in Europe Amid New Exploit

An EU financial markets authority has alerted investors to the severe risks of DeFi amid a new flash loan exploit on the Avalanche network. Over $2 million has been drained in a flash loan attack targeting Avalanche-based protocol Platypus Finance. PerkShield, a famous security firm, reported the security breach…
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