Pendle-Based DeFi Protocol Penpie Exploited of $27M of Crypto Assets; PNP Price Craters 35%

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Pendle-Based DeFi Protocol Penpie Exploited of $27M of Crypto Assets; PNP Price Craters 35%

The alleged exploiter drained roughly $27 million of crypto assets including various types of staked ether (ETH) , Ethena’s sUSDE and wrapped USDC stablecoin from the protocol, blockchain data shows. Later, it converted the proceeds to ETH using predominantly Li.fi and forwarded to asset to a new address , according to Etherscan data.

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