Pendle-Based mostly DeFi Protocol Penpie Exploited of $27M of Crypto Belongings; PNP Worth Craters 35%

The alleged exploiter drained roughly $27 million of crypto belongings together with numerous sorts of staked ether (ETH), Ethena’s sUSDE and wrapped USDC stablecoin from the protocol, blockchain knowledge reveals. Later, it transformed the proceeds to ETH utilizing predominantly Li.fi and forwarded to asset to a new deal with, in line with Etherscan knowledge.