The post Penpie Protocol Got exploited : Lost $27 Millions in Funds appeared first on Coinpedia Fintech News
Penpei, a protocol built on Pendle, got hacked on September 3 losing $27 Million. This year has brought a whole another level of crypto hacks. Looking at the crypto hacks, it is evident that crypto hackers have become more active this year. Just 8 months into this year and crypto has already lost $1.2 billion to hacks and exploits. Let’s explore the recent hack on Penpie.
The Hack
Around 9 hours ago, an X account Chaofan Shou, affiliated with Fuzzland made a post with an initial information of Penpei protocol getting drained. In its post, the account stated that $17 Million has been hacked, that means even after a user found and posted about the hack, the protocol was not aware of it. This resulted in loss of another $10 million in funds. The lost funds include Ether and stable coins such as USDC and sUSDE. The X account also reported this incident to etherscan, m
We współpracy z: https://coinpedia.org/news/penpie-protocol-got-exploited-lost-27-millions-in-funds/
