CoinEdition
Published Sep 20, 2021 03:58AM ET
DeFi Hack: BSC-Based Platform pNetwork Loses $12.7M in BTC
In the ever-growing crypto industry, we could spot many hacks going around. One of the recent hacks happened on pNetwork.
pNetwork, a cross-chain DeFi platform, the latest protocol which is targeted by an attacker on Binance Smart Chain (BSC). The attack reports a loss of around $12.7 million in BTC.
1/N We’re sorry to inform the community that an attacker was able to leverage a bug in our codebase and attack pBTC on BSC, stealing 277 BTC (most of its collateral).The other bridges were not affected. All other funds in the pNetwork are safe.
— pNetwork (@pNetworkDeFi)
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Written By: CoinEdition
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