Pendle-Primarily based DeFi Protocol Penpie Exploited of M of Crypto Belongings; PNP Worth Craters 35%

Pendle-Primarily based DeFi Protocol Penpie Exploited of $27M of Crypto Belongings; PNP Worth Craters 35%

by Jeremy

The alleged exploiter drained roughly $27 million of crypto property together with numerous forms of staked ether (ETH), Ethena’s sUSDE and wrapped USDC stablecoin from the protocol, blockchain information exhibits. Later, it transformed the proceeds to ETH utilizing predominantly Li.fi and forwarded to asset to a new tackle, in response to Etherscan information.

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