X user @VCharpiat informed on-chain detective Zach It is very disappointing and I hope the prosecutor will appeal as soon as possible."
The user also claimed that Platypus officials were aware of the matter. In addition, the hacker argued that he was a white hat, that he planned to return funds to the protocol, and that he carried out the attack to protect the protocol from North Korea. But the judge did not accept his so-called white hat excuse and said it clearly looked like fraud, but it was not the kind of fraud prohibited by criminal law.
According to previous news in October, Platypus Finance, the Avalanche ecological stablecoin trading project, was hacked, with losses exceeding US$2.2 million. In early November, on-chain detective ZachXBT stated that the suspected Platypus Finance attacker was sentenced to five years in prison in France.