🚨 Pendle is in turmoil over hacking rumors!
An on-chain wallet related to @pendle_fi has been completely drained, and the attacker minted tokens PT/YT and sold them off for ETH.
⚡️ However, the Pendle team asserts: "There has been no hack, and user assets are still safe." It is still unclear how the hacker managed this, but it is likely just to create a "false signal" causing panic.
The incident occurred just as Pendle was preparing to launch on Plasma - a blockchain dedicated to stablecoins, which is expected to significantly boost the ecosystem's TVL (currently around 6.5 billion USD).
📉 The price of PENDLE briefly dropped to 4.1 USD before recovering, but it is still down 6% for the day and trading around 4.39 USD.
Pendle is NOT hacked.
All funds are safe.
That wallet however, was drained, and exploiter is minting PT / YT and dumping them .
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