{"id":89455,"date":"2025-10-01T12:09:41","date_gmt":"2025-10-01T09:09:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89455"},"modified":"2025-10-01T12:10:15","modified_gmt":"2025-10-01T09:10:15","slug":"pendle-team-denies-hack-rumours","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/pendle-team-denies-hack-rumours\/","title":{"rendered":"Pendle Team Denies Hack Rumours"},"content":{"rendered":"<p>On September 30th, rumours surfaced online about a hack of the <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-decentralised-finance-defi\">DeFi<\/a> protocol Pendle. The team has denied this information.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Pendle is NOT hacked.<\/p>\n<p>All funds are safe.<\/p>\n<p>That wallet however, was drained, and exploiter is minting PT \/ YT and dumping them . <a href=\"https:\/\/t.co\/BOcQFP0P0v\">https:\/\/t.co\/BOcQFP0P0v<\/a><\/p>\n<p>\u2014 Pendle (@pendle_fi) <a href=\"https:\/\/twitter.com\/pendle_fi\/status\/1973067613405061234?ref_src=twsrc%5Etfw\">September 30, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the developers, the platform&#8217;s smart contracts continue to operate normally, and user funds remain secure. A separate whale wallet was affected.<\/p>\n<p>Through this address, the attacker issued PT principal tokens and YT yield tokens, subsequently selling them on the market. According to <a href=\"https:\/\/debank.com\/profile\/0x3c34abb66270e0287d138c2cbb69da85cdea3a8e\/history\">DeBank<\/a>, they were exchanged for Ethereum.<\/p>\n<p>Following the news, the price of the protocol&#8217;s native token, PENDLE, fell by 10%, from $4.56 to $4.34. By the time of writing, the rate had recovered to $4.55.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"604\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-f6a47d996a80ed77-5702159988595203-1024x604.png\" alt=\"image2\" class=\"wp-image-266710\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-f6a47d996a80ed77-5702159988595203-1024x604.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/img-f6a47d996a80ed77-5702159988595203-300x177.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/img-f6a47d996a80ed77-5702159988595203-768x453.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/img-f6a47d996a80ed77-5702159988595203-1536x906.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/img-f6a47d996a80ed77-5702159988595203.png 1999w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of PENDLE\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3APENDLEUSDT\">TradingView<\/a>. <\/figcaption><\/figure>\n<p>The Ethereum-based Pendle protocol was launched in June 2021. It allows for the tokenization of assets and management of future yield. The project&#8217;s <span data-descr=\"total value locked\" class=\"old_tooltip\">TVL<\/span> is approximately $6.5 billion.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"300\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-9be74130d688e8c6-5702268886602206-1024x300.png\" alt=\"image1\" class=\"wp-image-266711\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-9be74130d688e8c6-5702268886602206-1024x300.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/img-9be74130d688e8c6-5702268886602206-300x88.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/img-9be74130d688e8c6-5702268886602206-768x225.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/img-9be74130d688e8c6-5702268886602206-1536x450.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/img-9be74130d688e8c6-5702268886602206.png 1999w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/defillama.com\/protocol\/pendle\">DeFi Llama<\/a>.<\/figcaption><\/figure>\n<p>Earlier in September, the DeFi protocol Hypervault <a href=\"https:\/\/u1f987.com\/en\/news\/defi-protocol-hypervault-vanishes-with-3-6-million-in-crypto-assets\">&#8220;vanished&#8221;<\/a> with crypto assets worth $3.6 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On September 30th, rumours surfaced online about a hack of the DeFi protocol Pendle. The team has denied this information.<\/p>\n","protected":false},"author":1,"featured_media":89456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Rumours of a Pendle hack denied; funds secure, whale wallet affected.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093],"class_list":["post-89455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"154","promo_type":"1","layout_type":"1","short_excerpt":"Rumours of a Pendle hack denied; funds secure, whale wallet affected.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/89455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=89455"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/89455\/revisions"}],"predecessor-version":[{"id":89457,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/89455\/revisions\/89457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/89456"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=89455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=89455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=89455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}