[DeFi protocol Penpie was hacked, losing about $27 million]

According to Golden Finance, Penpie, a decentralized finance (DeFi) protocol based on the Pendle platform, was hacked on Wednesday. Blockchain data shows that hackers have stolen about $27 million in crypto assets, including staked Ethereum, Ethena's sUSDE and wrapped USDC stablecoins.

Pendle confirmed that it has found a security vulnerability in the Penpie protocol and will maintain close communication with the team. Pendle said that investors' funds are safe on the Pendle platform, but as a precaution, all contracts have been temporarily suspended. Data shows that after the attack, Penpie (PNP) plummeted 40%, and Pendle (PENDLE) fell nearly 8% in the past 24 hours.