On Wednesday, an altcoin protocol was hit by a major attack in the decentralized finance (DeFi) world. The attackers stole approximately $27 million worth of crypto assets. The stolen assets include staked Ethereum and wrapped USDC. The protocol that was attacked confirmed the security vulnerability and stated that it is open to negotiations with the attackers. Officials reported that efforts will be made to safely recover these assets.
Penpie: $27 Million Altcoin Losses
Penpie, the altcoin protocol that was targeted in the attack, announced that it has halted all deposit and withdrawal transactions after this incident. Attacks on DeFi protocols have increased significantly in recent years, and Penpie has become part of this trend. Penpie developers stated that they have identified the source of the attack and that other projects in the Magpie ecosystem have not been affected by this attack.
Penpie's local token PNP experienced a significant drop following the attack. PNP lost 40% of its value in the last 24 hours. At the same time, PNP's trading volume increased by 1300% to reach $458,000. Currently, PNP is trading at an average price of $0.987. This sudden drop has caused serious concern among investors.
An Altcoin Attack Also Hit Pendle
The attack on Penpie also negatively affected the price of Pendle. Especially, the price of Pendle has experienced an 11% decrease in the last 24 hours. Currently, PENDLE is trading at the level of $2.78. However, the trading volume of PENDLE has decreased by 25%. The 24-hour trading volume of Pendle dropped to $55.3 million. This attack has caused uneasiness among investors and led to market fluctuations.
According to data provided by Lookonchain, the attacker stole crypto assets worth $27.3 million. These assets include 2,695 Restaked Swell Ethereum, 4,101 agETH, 2,723 wrapped stETH, and 2.52 million Ethena Staked USDe. The attacker exchanged these assets for 11,109 Ether and sent 1000 Ether to Tornado Cash.
Reward Negotiations Started
Penpie has announced its intention to start negotiations with the attacker. The protocol aims to make a reward deal with the attacker for the return of the stolen funds. In addition, Penpie emphasized the significant importance of these funds to the community. However, it was also mentioned that the attacker could transition to a white hat hacker role.
With this agreement, Penpie aims to avoid legal processes. The identity of the attacker will remain confidential and will receive a portion of the funds as a reward. The successful outcome of such an agreement could reduce the damage to the protocol and users. Penpie stated that it will continue to support its users despite the attack.
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27 Million Dollar Altcoin Heist: Which Protocol Was Targeted?
On Wednesday, an altcoin protocol was hit by a major attack in the decentralized finance (DeFi) world. The attackers stole approximately $27 million worth of crypto assets. The stolen assets include staked Ethereum and wrapped USDC. The protocol that was attacked confirmed the security vulnerability and stated that it is open to negotiations with the attackers. Officials reported that efforts will be made to safely recover these assets.
Penpie: $27 Million Altcoin Losses
Penpie, the altcoin protocol that was targeted in the attack, announced that it has halted all deposit and withdrawal transactions after this incident. Attacks on DeFi protocols have increased significantly in recent years, and Penpie has become part of this trend. Penpie developers stated that they have identified the source of the attack and that other projects in the Magpie ecosystem have not been affected by this attack.
Penpie's local token PNP experienced a significant drop following the attack. PNP lost 40% of its value in the last 24 hours. At the same time, PNP's trading volume increased by 1300% to reach $458,000. Currently, PNP is trading at an average price of $0.987. This sudden drop has caused serious concern among investors.![Dikkat: O Kripto Para Borsası Hacklendi! Bu Altcoinler Çalındı!]()
An Altcoin Attack Also Hit Pendle
The attack on Penpie also negatively affected the price of Pendle. Especially, the price of Pendle has experienced an 11% decrease in the last 24 hours. Currently, PENDLE is trading at the level of $2.78. However, the trading volume of PENDLE has decreased by 25%. The 24-hour trading volume of Pendle dropped to $55.3 million. This attack has caused uneasiness among investors and led to market fluctuations.
Reward Negotiations Started
Penpie has announced its intention to start negotiations with the attacker. The protocol aims to make a reward deal with the attacker for the return of the stolen funds. In addition, Penpie emphasized the significant importance of these funds to the community. However, it was also mentioned that the attacker could transition to a white hat hacker role.
With this agreement, Penpie aims to avoid legal processes. The identity of the attacker will remain confidential and will receive a portion of the funds as a reward. The successful outcome of such an agreement could reduce the damage to the protocol and users. Penpie stated that it will continue to support its users despite the attack.![Binance’daki Bu Altcoin Hack Kurbanı Oldu: Fiyat Sert Düştü!]()
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