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Here’s for the following or the monitoring,
Details of the Attack Emerge
As an analyst, I’ve determined that the assault on Penpie was kick-started by a self-executing contract, often referred to as a smart contract. This contract, it appears, was initially capitalized with approximately 10 units of Ether (ETH) through Tornado Cash, a cryptocurrency transaction obfuscation service
One possible option was granted;
As a researcher, I’d like to share my recent findings. The platform we manage on Pendle, following comprehensive investigations, has identified the source of the attack. Rest assured, our own funds remain secure. To ensure the safety and integrity of our network, we’ve temporarily halted all contracts and are extending our assistance to the Penpie team to help them resolve this issue
Defensive Measures and Post-Mortem
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In this report, the Team, the team is being referred to be behind the pursuit,
In this case, they immediately, they’s, they were encouraged,
As a researcher, I incorporated assistance from various cybersecurity entities, such as Seal 911, in devising risk-mitigation strategies within our protocol. Subsequently, following thorough evaluations, Pendle reactivated its contracts at 0050 UTC and resumed regular operations
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Initially, the DeFi project expressed readiness for discussions about a reward, which could lead to the recovery of the stolen assets. Moreover, it promised not to pursue legal action if the culprit accepted this offer and chose to act as a “white-hat” (ethical hacker). Lastly, they guaranteed anonymity to the individual involved
At the point of submission for publication, it remained uncertain whether the attacker accepted Penpie’s proposal or reached out to the protocol’s team in any capacity. In the interim, our operations continue to be on hold, and we are dedicated to restoring our front-end interface to guarantee smooth user access to their funds. I, as a researcher, am closely monitoring this situation for updates
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2024-09-05 01:26