Pnetwork Protocol Gets Hacked, Loses 277 Bitcoin on Binance Smart Chain
Pnetwork, a multi-chain bridging protocol, announced it was hacked yesterday, losing 277 pbtc (its bridged version of bitcoin) on Binance Smart Chain. The protocol acknowledged that an attacker managed to exploit a bug in its codebase to take control of the stolen bitcoin. The bridging contracts are currently working as usual but with extra security measures enabled. Pnetwork Protocol Hacked: 277 Bitcoin Lost Pnetwork, a decentralized finance bridging protocol, informed users it was the victim of a hack, losing 277 bitcoin in the attack. Pnetwork eases mobility of assets like....
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DeFi bridging Protocol, pNetwork, is the most recent protocol to be targeted by a cyber attack. An unknown hacker has stolen about $12.7 million worth of tokenized Bitcoin from the Binance Smart Chain-based cross-chain platform. According to a Twitter thread published by pNetwork on September 20, the hacker exploited a bug in the network’s codebase. […]
Roughly $12.7 million worth of tokenized Bitcoin has been stolen from the BSC-based cross-chain composability platform pNetwork. Cross-chain DeFi platform pNetwork has become the latest protocol to be targeted by hackers on Binance Smart Chain, reporting a loss of roughly $12.7 million worth of Bitcoin. According to a Twitter thread published by pNetwork on Sept. 20, the incursion resulted in 277 pBTC being siphoned from the exchange. The hackers made off with the majority of the network’s collateral, pNetwork added.1/N We're sorry to inform the community that an attacker was able to....
Was the Binance Smart Chain hacked? In the following article, you’ll find Changpeng Zhao’s exact words about the incident. Everybody else’s opinions, though, are about the halting of the chain. Most people are unaware of what Bitcoinist told you a year ago: the Binance Smart Chain is centralized and advertised as such. It’s not a […]
After receiving a grant from the Algorand Foundation, pNetwork and Algorand have consolidated their partnership. The cooperation will build cross-chain bridge power by pNetwork to connect Algorand to external networks and increase assets and token liquidity in its ecosystem. pNetwork, a system composed of multiple validators to achieve cross-chain composability, will allow assets to be […]
One of the threats that the crypto community face is the attack of cybercriminals. Many exchanges, projects, and apps often face one vulnerability exploitation or the other. Recently, BSC-based cross-chain pNetwork lost at least $12.7 million of tokenized Bitcoin to attackers. They have joined the many networks targeted and exploited by hackers in the crypto industry. Related Reading | September Leaves Behind Trail Of Blood, Bitcoin Long Liquidations pNetwork promotes digital assets movement throughout different blockchains. Just like several other wrapped token protocols, they allow....