Cyvers in the News

DeFi Protocol Penpie Loses $27 Million in Hack, PNP Token Sinks 40%

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^{Blockchain security firm Cyvers reported the incident}, detecting suspicious activity involving Penpie’s contract. Based on the report, the address funded by a crypto mixing service has executed a malicious transaction and got around $27 million worth of digital assets.

Penpie hacker launders 26% of $27M stolen funds in 12 hrs

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On Sept. 4,^{Web3 security firm Cyvers alerted} about the hacker transferring 26% of the hacked funds to a Tornado Cash address.

Penpie DeFi Platform Reportedly Hit With $27 Million Security Breach

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^{According to the real-time on-chain monitoring system Cyvers Alert}, the hack led to the loss of at least $26 million in various wrapped and synthetic crypto assets.