
PNetwork bridge drains over $4.3 million in tokens that it had issued on its bridge
According to on-chain analysis by security firm BlockSec, the “white hat” exploit was carried out today after the team claimed to have discovered a “misconfiguration” in the token’s smart contract. The pNetwork developers attempted to outrun any malicious hackers by “draining” pgala tokens stored in PancakeSwap pools. These pNetwork-issued tokens are a 1:1 tokenized version of the gala tokens used in the play-to-earn project Gala Games. The tokens are issued whenever users bridge gala tokens from Ethereum’s original chain to the BNB Chain using the pNetwork bridge. Anyone can use pNetwork to lock their assets as collateral in the bridge