Pendle (PENDLE), possibility of hack raised… whale wallet attack also alleged

Source
JH Kim

Summary

  • Cryptoasset analyst Pix said Pendle (PENDLE) protocol may have been hacked.
  • Pix claimed that PT, YT tokens are being minted and dumped.
  • Some countered that the hack occurred in a whale wallet, not the protocol.

On the 30th (local time), virtual asset (cryptocurrency) analyst Pix (@PixOnChain) raised the possibility that the Pendle (PENDLE) protocol had been hacked via X (formerly Twitter). He claimed, "Someone is minting PT, YT tokens and dumping them."

However, there were counterarguments that it was not a hack. Another X user, Prime (@cryptomodee), said, "What was hacked was not the protocol but a whale wallet."

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JH Kim

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