Platypus Finance Starts Compensations for LP Affectees
Platypus Finance, a decentralized finance (DeFi) platform, has started compensating LP affectees who lost their funds during the previous Main Pool hosted on the platform. The LPs who were affected by the incident will be receiving their initial portion of compensation starting from March 13, 2023, at 9:00 a.m. UTC.
Platypus Finance Takes Steps to Restore LP Confidence with Compensation
LPs who were part of the previous Main Pool that was hosted on Platypus Finance have been eagerly waiting for this news. The LPs have been informed that the initial round of claims is now complete, and they can start accessing their compensation through a special page dedicated to compensation.
The compensation round consists of funds that were previously lost but later found, totaling approximately 52% of the total loss. This is a significant step towards helping the affected LPs get back on their feet after the unfortunate incident.
To claim their compensation, LPs need to visit the Compensation page and click the “Claim” button next to the “My Compensation” heading. Soon, this will take them to a form where they can submit their compensation claim. Platypus Finance has been praised for its efforts in compensating the affected LPs, and this move is expected to boost the confidence of LPs in the platform. Moreover, the company has assured its users that it will continue to take measures to ensure the safety and security of its platform.
LPs who were affected by the incident are advised to keep an eye out for further updates from Platypus Finance regarding their compensation. With this move, Platypus Finance has shown that it is committed to protecting the interests of its users and ensuring that they are not left out in the cold.
Platypus Finance to Return 63% of Stolen Funds to Customers
Platypus Finance, a decentralized finance (DeFi) protocol, has made the announcement. It will return at least 63% of the financing to its customers after trying to recover a fraction of the $9 m that was stolen from the forum. The platform was compromised in three invasions that exploited a flaw in the platform’s liquidity check mechanism. Consequently, this led to the stealing of several cryptocurrencies, including Circle’s USD Coin, Tether, Maker, and Binance USD.
