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Crypto DeFi

Pennysia Exploit Drains Four Addresses, Users Told to Revoke Approvals

Pennysia users are being urged to revoke token approvals after an exploit drained funds from four addresses, onchain records show. Swaps on the platform were disabled before SlowMist issued its public warning about the incident. The drain affected four addresses.

Original source

AI take

The notable detail here is the sequence: swaps were halted before a public security warning went out, which suggests the team had some advance visibility into the drain rather than learning of it from the community. That matters less for the four affected addresses than for the broader pattern of approval-based exploits, where the damage is often done before any pause can help. The open question is whether the exposure is limited to those four addresses or whether other users granted similar approvals that have not yet been exercised.

Generated by AI for reference only.

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