Pendle Token Theft Surges, $5.62M Lost From Recent Permit Phishing

In recent months, the Pendle token ecosystem has experienced a significant surge in thefts, with over $10 million worth of Pendle yield tokens stolen due to security breaches. This alarming trend underscores the pressing need for heightened vigilance among cryptocurrency users. The majority of these thefts have been facilitated through fraudulent means, where users unintentionally grant permissions to malicious entities. These incidents highlight the critical importance of meticulously scrutinizing any approval requests related to yield tokens.

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