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Penpie

Sep 3, 2024

$27.0M
Lost
$27.0M
Recovered
$0
Net loss
$27.0M
Unrecovered0% recovered

Penpie was drained of ~$27M via a reentrancy attack. The attacker created malicious SY tokens mimicking Pendle yield tokens and exploited missing reentrancy protection in _harvestBatchMarketRewards() to claim real rewards using fake token tickets.

How the exploit worked

View reproducible PoC

Reentrancy and Reward Manipulation.

Lost: 11,113.6 ETH (~$27,348,259 USD)

Source: DeFiHackLabs (SunWeb3Sec)

Target
DeFi
Classification
Reentrancy
Technique
Reentrancy
Attribution
Unknown
Chains
Ethereum

Event timeline

  1. Sep 3, 2024
    Exploit executed — $27.0M drained via reentrancy
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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