Penpie Suspends Transactions Amid Security Audits

According to Foresight News, Penpie has announced that deposits and withdrawals on its platform remain suspended as it undergoes comprehensive audits by multiple security firms to ensure a safe resumption of operations. BlockSec, PeckShield, and AstraSec have already initiated their audits, and Penpie is in discussions with other companies. The platform expects to restore deposit and withdrawal functionalities in approximately two to three weeks, pending the successful completion of these audits. Additionally, Penpie will collaborate with Hexagate to integrate real-time monitoring and establish an efficient, proactive response system. Penpie continues to work closely with law enforcement agencies, security firms, partners, and key members of the crypto community, including major exchanges, to track and freeze funds associated with the hack. Furthermore, Penpie is taking steps to prepare a post on the Penpie governance forum to discuss potential compensation plans. Previously, Foresight News reported that on September 4, Penpie was hacked, resulting in the theft of 11,113.6 ETH, valued at approximately $27.34 million.