Source: Coindesk.com
Decentralized finance (DeFi) protocol Penpie, built on top of tokenized yield platform Pendle, suffered an exploit on Wednesday, crypto observers reported.
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
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The post "DeFi Protocol Penpie Exploited for $27M of Crypto Assets; PNP Token Craters 40%" appeared first here Coindesk.com.
Source: Coindesk.com
