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Hack history / 2021 / Hack or exploit

pNetwork

Hack or exploit on Sep 19, 2021 · Spoofed Event Log

ONE SOURCE · 1 SOURCE
Lost
$13M
dollars at the time
Returned
none listed
as the sources state it
Rank
#254
among thefts by dollars lost

What happened

On September 19, 2021, pNetwork's cross-chain bridge was exploited when an attacker crafted fraudulent peg-out event logs. The Rust event-log processor failed to validate that requests originated from authorized pNetwork contracts, processing the fake withdrawal requests. The attacker stole 277 BTC (wrapped to BSC) worth approximately $13M.

Details

Date
Sep 19, 2021
Kind
Hack or exploit
Method
Spoofed Event Log
How in
Bridge and cross-chain
Target
DeFi protocol
Chains
BNB Chain, Bitcoin

Reported by

Related incidents

pNetwork 2022 · Hack or exploit · $10.8M
pNetwork 2022 · Hack or exploit · $4.3M
pNetwork 2021 · Hack or exploit · $12M
Cite this pageSwanBluechip, "pNetwork hack, Sep 19, 2021: $13M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht920cd7b06a/ (data as of 2026-11-01).
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