The Pendle-based DeFi protocol, Penpie, has announced a bounty for information that can help recover the $27 million in stolen assets. They are offering up to 10% of the recovered funds to anyone who can provide credible information about the hack and the hacker.
Details of the Bounty and the Exploit
The attack on Penpie led to the theft of $27 million worth of assets. In response, the platform has announced a bounty to incentivize the public to come forward with information. Penpie will reward up to 10% of the recovered funds to anyone who provides credible and actionable information that helps track down the hacker and recover the stolen assets. It is crucial that the information is reliable and effective.
Encouraging Community Involvement
Penpie's decision to offer a reward for hacker information is a strategic move to encourage community participation in locating 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 hopes 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 following a $27 million exploit. Offering up to 10% bounty for credible leads, Penpie is enlisting the help of the crypto community to bring the hacker to justice and restore confidence in the platform.
Thus, Penpie is actively engaging the crypto community in recovering the stolen funds by offering a significant reward for credible information.
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