Odaily Planet Daily News Platypus notified the community that its native stablecoin USP was hacked, and is developing a comprehensive recovery plan and will keep the community updated. The attacker used flash loans to exploit a logical error in the USP solvency check mechanism in the contract holding the collateral. The main pool lost a total of $8.5 million. Currently, deposits can cover up to 35% of user deposits. Funds in other pools are not affected. The hacker has been contacted to negotiate a bounty in exchange for the return of funds. At the same time, Tether has frozen the stolen USDT, and we have contacted Circle and BUSD to freeze the funds.