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$27M Gone Overnight: 2024’s Devastating Crypto Heist Hits Penpie DeFi Hard
In the swiftly evolving landscape of decentralized finance (DeFi), the Penpie DeFi protocol recently fell victim to a significant security breach, losing $27 million in cryptocurrency. This incident highlights the ongoing challenges and perils within the crypto realm, drawing attention to the vulnerabilities that still plague even the most advanced financial technologies. The Penpie DeFi…
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Pendle Defi Project Safeguards $105M Amid Penpie Hack Threat
DeFi project Pendle recently faced a potential drain of approximately $105 million following a significant hack involving Penpie, an independent yield optimizer operating within the Pendle ecosystem. Despite suffering a loss of around $27.3 million due to the exploit, Pendle’s quick response to pause its contracts prevented further losses, allowing the platform to resume its…
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Penpie Shaken: How a Sudden Security Breach Disrupted Pendle’s Flow
In the dynamic sphere of decentralized finance (DeFi), the importance of watertight security measures cannot be overstated. Recently, the DeFi platform Pendle demonstrated exemplary agility and coordination in foiling a potentially catastrophic $105 million loss. This was due to a meticulously identified breach at Penpie, an independent protocol utilizing Pendle’s infrastructure. This article delves into…
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$27 Million Gone: The Shocking Hack of Penpie Protocol Revealed
In the dynamic and ever-evolving world of digital currency, the safety and security of digital assets remain paramount amongst investors and enthusiasts alike. This year has observed a notable uptrend in the magnitude of cryptocurrency hacks, marking a significant concern within the blockchain community. The recorded thefts amounting to $1.21 billion thus far in 2024…
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$27M Stolen from Penpie in DeFi Heist, PNP Token Plummets 35%
In a striking event that underscores the vulnerabilities inherent in decentralized finance (DeFi) platforms, a protocol identified colloquially within the community as Penpie found itself at the center of a significant security breach. The incident led to the unauthorized withdrawal of around $27 million in crypto assets, showcasing the sophistication with which malicious entities are…
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Massive $27 Million Crypto Heist Shocks Penpie Protocol Users
In the rapidly evolving landscape of decentralized finance (DeFi), a recent security breach has caught the attention of investors and enthusiasts alike. Penpie, a protocol established on the Pendle platform, experienced a significant hack on September 3rd. This incident resulted in the loss of $27 million across various cryptocurrencies, including Ether (ETH) and stablecoins like…