Penpie Offers 10% Bounty for Information Leading to Identification of Exploiter

Penpie bounty hacker information has been announced by the Pendle-based DeFi protocol as it seeks to recover $27 million in stolen assets. Following a recent exploit, Penpie took to X to offer a bounty of up to 10% of the recovered funds to anyone who can provide credible information that leads to identifying the hacker and recovering the stolen assets.

Details of the Bounty and the Exploit

The attack on Penpie led to the loss of $27 million worth of assets, prompting the platform to incentivize the public for help:

• 10% Bounty: Penpie will reward up to 10% of the recovered funds to any information provider who helps track down the hacker and reclaim the stolen assets. The announcement emphasizes that only credible and actionable information will be eligible for the reward.
• Recent Exploit: The DeFi protocol, based on Pendle, was recently exploited in an attack that saw millions in assets stolen from its smart contracts. This bounty initiative represents a proactive effort to enlist the help of the broader crypto community in locating the perpetrator.

Encouraging Community Involvement

Penpie’s decision to offer a bounty for hacker information is a strategic move to encourage community participation in tracking down the attacker. The decentralized nature of the DeFi space often makes it difficult for individual projects to recover stolen funds, but with a financial incentive in place, Penpie is hoping to attract cybersecurity experts or individuals with knowledge of the hack.

Conclusion

The Penpie bounty hacker information announcement highlights the protocol’s determined efforts to recover stolen funds after a $27 million exploit. Offering a 10% bounty to those who provide credible leads, Penpie is enlisting the help of the crypto community to bring the hacker to justice and restore confidence in the platform.

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