2. Immediate Actions After the Attack

About an hour after the incident was discovered, the Penpie team posted a statement on the X platform, confirming that the protocol had been compromised. As a precaution, deposits and withdrawals were temporarily suspended to preserve remaining funds and prevent further losses. Pendle, the parent platform on which the Penpie protocol was built, also announced that its funds were safe and not at risk, with smart contracts temporarily suspended until the issue was addressed.