Serious Hacking Suspicion in Altcoin Listed on Major Exchanges: Price Dropped, Developers Issued a Statement
The project team released a statement regarding the claims regarding Pendle (PENDLE), which caused a brief panic in the cryptocurrency market.
Market sources had claimed that the protocol had been hacked, with hackers withdrawing over $1 million in assets. Following this development, the Pendle team issued an official statement confirming that the protocol had not been hacked and that all funds were safe.
Authorities stated that the issue stemmed from an on-chain wallet, not the protocol itself. The wallet in question was reportedly emptied, and the attacker was selling by minting PT/YT.
Following the news, the price of PENDLE fluctuated sharply. The token quickly dropped by nearly 10% to $4.13. Following the project's official announcement, it recovered to $4.50.
At the time of writing, PENDLE is trading at $4.47, according to CoinMarketCap data. The token has fallen 4.53% in the last 24 hours, with a market capitalization of $759.41 million. PENDLE is listed on major exchanges such as Coinbase, Binance, Upbit, and Bybit.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: Canaan's Strategic Move in Bitcoin Mining Energy Sparks 21% Surge in Shares
- Canaan Inc. shares jumped 21% after reporting $150.5M Q3 revenue, up 104% YoY, driven by Bitcoin mining demand and expanded operations. - Despite a $27M adjusted net loss (vs. -$0.01 expected), cash reserves rose 80.9% to $119M, and EBITDA turned positive at $2.8M. - Record $30.6M Bitcoin mining revenue (37.7% higher computing power) and a 50,000-unit U.S. order fueled growth, boosting crypto holdings to $189M. - CEO Zhang emphasized Bitcoin's energy efficiency over AI infrastructure, with Q4 revenue gui
XRP News Today: XRPM ETF Gains 3% Return Leveraging XRP’s Price Fluctuations
- Amplify ETFs launched the XRPM ETF on Nov 18, 2025, offering 3% monthly income via XRP-linked covered call options while retaining price appreciation exposure. - The fund writes weekly out-of-the-money calls on 30-60% of XRP exposure, leveraging volatility to generate premiums while maintaining 40-70% unhedged long positions. - XRP's $136.3B market cap and cross-border payment utility justify its role as a "bridge currency," supported by the XRP Ledger's speed and low-cost transactions. - Market reaction
Buy the Panic: 5 Meme Coins Crushed Over 55% That Could Rip 10x on Recovery
Alt Pair Bottomed: 4 Explosive Cryptos to Buy Before the Next Massive Rally
Trending news
MoreCrypto prices
More
