Penpie Exploiter Transfers $2.44M in ETH to Tornado Cash After $27M DeFi Hack

Quick Summary:

Penpie exploiter Tornado Cash transfer activity has been flagged by blockchain security firm PeckShield, which reported that the exploiter linked to the recent $27 million hack of the DeFi protocol Penpie has transferred 1,000 ETH, valued at approximately $2.44 million, to the crypto mixer Tornado Cash.

The exploit address is still estimated to hold 10,110 ETH, worth around $24.7 million.

In response to the exploit, Penpie temporarily suspended all contracts to prevent further damage and is actively investigating the breach.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Penpie exploiter Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 03:26:06 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 357 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22362931

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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News Last Updated: 12 hours ago

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