Decentralized
finance
(DeFi)
protocol
Penpie,
built
on
top
of
tokenized
yield
platform
Pendle,
suffered
an
exploit
on
Wednesday,
crypto
observers
reported.
The
alleged
exploiter
drained
roughly
$27
million
of
crypto
assets
including
various
types
of
staked
ether
(ETH),
Ethena’s
sUSDE
and
wrapped
USDC
stablecoin
from
the
protocol,
blockchain
data
shows.
Later,
it
converted
the
proceeds
to
ETH
using
predominantly
Li.fi
and
forwarded
to
asset
to
a
new
address,
according
to
Etherscan
data.