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What security measures will Penpie or Pendle announce by December 31, 2024?
2
Resolution / Starting Odds
Penpie improves smart contract security • 25%
Pendle improves smart contract security • 25%
Both improve smart contract security • 25%
No improvements announced • 25%
Official announcements from Penpie or Pendle on their respective websites or social media channels
Story
Penpie DeFi Protocol Hacked for $27 Million, PNP Token Drops 40%, Pendle Pauses Smart Contracts
Sep 3, 2024, 08:49 PM
Penpie, a DeFi protocol built on the tokenized yield platform Pendle, was exploited on September 3, 2024, resulting in a significant loss of approximately $27 million. The hack involved various assets, including $7,879,029.18 in wstETH, $2,517,458.57 in sUSDe, $3,409,021.04 in agETH, and $2,226,244.80 in rswETH. The hacker exchanged these assets for 11,109 ETH, valued at about $27 million, and subsequently laundered 1,000 ETH through Tornado Cash. Forta alerted on the incoming attack 40 minutes before exploitation. In response, Pendle has paused all smart contracts, and Penpie has locked deposits and withdrawals to mitigate further damage. Penpie's PNP token has plummeted by 40% following the incident.
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Enhanced smart contract audits • 25%
Partnership with a cybersecurity firm • 25%
Bug bounty program • 25%
Other • 25%
Two-factor authentication (2FA) • 25%
Multi-signature transactions • 25%
Bug bounty program • 25%
Other security measures • 25%
Increased security personnel • 25%
Enhanced gate locking systems • 25%
Improved surveillance technology • 25%
No significant changes • 25%
Yes • 50%
No • 50%
Company 1 • 25%
Company 2 • 25%
Company 3 • 25%
Company 4 • 25%
New Encryption Standards • 25%
Employee Training Programs • 25%
Third-Party Security Audit • 25%
Other • 25%
Yes • 50%
No • 50%
Smart contract vulnerability • 25%
Oracle manipulation • 25%
Admin key compromise • 25%
Other • 25%