Pendle Says It Saved $105M After $27M Penpie Hack
CoinMarketCap reports that DeFi protocol Pendle claims it averted $105 million in losses after a $27 million exploit on Penpie.
CoinMarketCap reports Pendle, a decentralized finance protocol, claims it saved $105M following a $27M Penpie hack. The claim comes from the protocol and is reported by CoinMarketCap.
CoinMarketCap reports that DeFi protocol Pendle says it saved $105 million after a $27 million hack on Penpie. The wording in the report presents this as a claim by the protocol; CoinMarketCap is the outlet relaying that claim.
What the report says
CoinMarketCap’s coverage states Pendle claims to have protected or preserved $105 million in the wake of a $27 million Penpie exploit. The story, as presented, does not provide technical details of how the amount was "saved," nor does it quote external confirmations in the summary available.
Quick context
A DeFi protocol is software that runs financial services on a blockchain without a traditional company structure. The CoinMarketCap report frames the $105 million figure as Pendle’s claim, and it links that claim to the $27 million Penpie hack.
There are no additional details in the available summary about who investigated the events, whether funds were recovered, or independent verification of the figures.
The takeaway: CoinMarketCap reports Pendle claims to have saved $105M after a $27M Penpie hack — the numbers are presented as the protocol’s claim in the report.
Summary written by Oh Cannot from the original report by CoinMarketCap. Not financial advice.
