{"id":410374,"date":"2023-12-04T11:05:43","date_gmt":"2023-12-04T10:05:43","guid":{"rendered":"https:\/\/coinacademy.es\/noticias\/habia-robado-millones-pero-al-final-se-le-absolvio\/"},"modified":"2023-12-04T11:06:02","modified_gmt":"2023-12-04T10:06:02","slug":"habia-robado-millones-pero-al-final-se-le-absolvio","status":"publish","type":"post","link":"https:\/\/coinacademy.es\/noticias\/defi\/habia-robado-millones-pero-al-final-se-le-absolvio\/","title":{"rendered":"Acquitted after Stealing Millions: A Surprising Outcome"},"content":{"rendered":"
Acquittal of the accused brothers in the hacking of Platypus Finance.<\/p>\n
Defense based on “ethical hacking” and locking fund error.<\/p>\n
Charges dropped due to lack of evidence of fraud or unauthorized access.<\/p>\n
In February 2023, Platypus Finance, an Automated Market Maker protocol on Avalanche, was hacked for $8.5 million.<\/strong> The accused, identified as brothers Mohammed and Benamar M., were arrested one week after the hack<\/strong>, following information provided by crypto detective ZachXBT and Binance<\/strong>.<\/p>\n The French authorities charged 22-year-old Mohammed with multiple charges related to the attack<\/strong>, while his brother was accused of possession of stolen goods<\/strong>. Prosecutors requested a five-year prison sentence for Mohammed.<\/strong><\/p>\n However, the brothers were acquitted after Mohammed claimed to be an “ethical hacker<\/strong>“, acquiring the funds with the intention of returning them later to the protocol<\/strong>, hoping to receive a 10% reward of the total amount<\/strong>.<\/p>\n During the attack, Mohammed accidentally locked millions of dollars of stolen funds<\/strong>, only managing to recover approximately $270,000<\/strong>. Platypus was able to save $2.4 million<\/strong> in USDC through a counter-hack.<\/p>\n The judges ruled that since Mohammed accessed a publicly available smart contract, charges of unauthorized access to a computer system<\/strong> did not apply.<\/p>\n In addition, Mohammed’s use of Platypus’ “emergency withdrawal” smart contract, the very one that had the exploited vulnerability, was not considered fraud<\/strong>. As a result, the charges of money laundering and possession of stolen goods<\/strong> were also dropped. However, the judges reminded the brothers that Platypus could still pursue them in civil court, stating that the decision was not a “blank check”.<\/p>\n","protected":false},"excerpt":{"rendered":"Acquittal of the accused brothers in the hacking of Platypus Finance. Defense based on “ethical hacking” and locking…\n","protected":false},"author":18,"featured_media":410375,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","original_i18n_url":"https:\/\/coinacademy.fr\/actu\/hack-platypus-finance-deux-freres-acquittes\/"},"categories":[128],"tags":[],"coauthors":[],"yoast_head":"\nTwists in the case<\/span><\/h2>\n