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DeFi Hack: BSC-Based Platform pNetwork Loses $12.7M in BTC

Published 09/20/2021, 03:58 AM
Updated 09/20/2021, 04:00 AM
© Reuters DeFi Hack: BSC-Based Platform pNetwork Loses $12.7M in BTC
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  • pNetwork losses around $12.7 million in Bitcoin.
  • In case the funds were returned, hackers can take 11.5% of the stolen funds.
  • pNetwork team is still in discussion to reimburse affected users.

In the ever-growing crypto industry, we could spot many hacks going around. One of the recent hacks happened on pNetwork.

pNetwork, a cross-chain DeFi platform, the latest protocol which is targeted by an attacker on Binance Smart Chain (BSC). The attack reports a loss of around $12.7 million in BTC.

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