{"id":136748,"date":"2024-09-04T19:00:19","date_gmt":"2024-09-04T16:00:19","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136748"},"modified":"2024-09-04T13:39:03","modified_gmt":"2024-09-04T10:39:03","slug":"defi-protocol-loses-27m-in-major-security-breach","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/defi-protocol-loses-27m-in-major-security-breach\/","title":{"rendered":"DeFi Protocol Loses $27M in Major Security Breach"},"content":{"rendered":"<p>The stolen assets included staked <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">ETH<\/a><\/strong> and wrapped <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/usd-coin\/\">USDC<\/a><\/strong>.<\/p>\n<p>Following the <strong><a href=\"https:\/\/x.com\/Penpiexyz_io\/status\/1831058385330118831\" target=\"_blank\" rel=\"nofollow\">attack<\/a><\/strong>, Penpie, which operates on the Pendle network, has acknowledged the incident and expressed a willingness to negotiate a bounty for the return of the stolen funds. Pendle has confirmed that while they also experienced a security issue, investor assets on their platform remain secure.<\/p>\n<p>The hack prompted Penpie to suspend all deposits and withdrawals. Despite identifying the source of the breach, Penpie\u2019s token, PNP, saw a drastic 40% decline in value over the past day, with trading volume surging by 1300% to $458,000. The token is currently valued at around $0.987.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-protocol-proposes-shutdown-and-transition-to-new-project\/\" title=\"Crypto Protocol Proposes Shutdown and Transition to New Project\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Blockchain-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Crypto Protocol Proposes Shutdown and Transition to New Project<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Pendle\u2019s token also took a hit, falling 11% to $2.78, with a 25% drop in its 24-hour trading volume to $55.3 million.<\/p>\n<p>The breach involved the theft of assets including Restaked Swell Ethereum, agETH, wrapped stETH, and Ethena Staked USDe.<\/p>\n<p>Penpie is now in discussions with the hacker, offering a potential bounty for the return of the funds. The protocol hopes to resolve the situation positively, with assurances of confidentiality and legal immunity for the hacker in exchange for a portion of the funds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Penpie, a decentralized finance (DeFi) platform, suffered a major security breach on Wednesday, resulting in the theft of approximately $27 million in cryptocurrency.<\/p>\n","protected":false},"author":3,"featured_media":28158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[26],"tags":[],"class_list":["post-136748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocrime"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DeFi Protocol Loses $27M in Major Security 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