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.
We are seeing a #flashloan attack on @Platypusdefi resulting in a potential loss of ~$8.5M.
Tx AVAX: 0x1266a937c2ccd970e5d7929021eed3ec593a95c68a99b4920c2efa226679b430
Stay Frosty! pic.twitter.com/AM2HOM5M2r
— CertiK Alert (@CertiKAlert) February 16, 2023
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.