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Duo Behind $9M Platypus Exploit Acquitted by Paris Court: Report
Charges were dropped after one of the accused argued he was an "ethical hacker," according to French news publication Le Monde.
Updated Mar 8, 2024, 5:57 p.m. Published Dec 4, 2023, 11:49 a.m.
Two men involved in an attack on decentralized finance (DeFi) protocol Platypus were acquitted by a Paris court, French news publication Le Monde reported Friday.
The duo was arrested in February over the exploit, which saw $9 million worth of crypto stolen. Later that month, Platypus recovered some of that sum and said it intended to return at least 63% of the funds to users.
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The court chose not to proceed with the charges after one of the hackers – identified by Le Monde as Mohammed M – argued that he'd acted in good faith and was an "ethical hacker" taking the "endangered funds" to be returned to the protocol later. The report said he'd hoped to get a bonus of 10% of the total sum taken from the company.
The court reportedly dropped the charges of money laundering and receiving stolen funds as the criminal charges did not hold up in court. Platypus can still pursue charges against the suspects in the civil court, the court said.
CoinDesk has reached out to Platypus for comment.
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Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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