Hacker Stole $13 Million in Crypto From pNetwork

A hacker stole around $13 million from the decentralized finance (DeFi) platform pNetwork. The blockchain platform took it to Twitter to announce the exploit, which included 277 pTokens BTC (pBTC) stolen.

In a series of tweets, pNetwork said that the platform experienced a significant cyberattack on Sept 19.
pNetwork Hacked | Image: Optimisus

In a series of tweets, pNetwork said that the platform experienced a significant cyberattack on Sept 19.



According to the tweets, the attacker leveraged a bug in pNetwork codebase. Besides, the attacker also attacked pBTC on BSC, stealing 277 BTC. However, the team said other bridges were not affected. Thus, all rest funds in the pNetwork are safe.


In addition to this, the team stated they have identified the bug and are currently working on fixing it. Moreover, they also noted that bridges will be re-activated as soon as it's safe to, most likely in a matter of hours.


Also, the pNetwork offered a bounty to the hacker, which they believe is a black hat hacker. The firm says,


"To the black hat hacker. Although this is a long shot, we're offering a clean $1,500,000 bounty if funds are returned. Finding vulnerabilities is part of the game unfortunately, but we all want DeFi ecosystem to continue growing, returning funds is a step in that direction."

Last month, Cream Finance DeFi platform lost $19 million in a major security attack. The hacker drained $18.8 million by exploiting a bug in the AMP token in a set of 17 transactions.