Pendle has confirmed a security incident involving a single wallet compromise, resulting in unauthorized minting and dumping of Principal Tokens (PT) and Yield Tokens (YT). The company clarified that the breach did not involve any protocol-wide hack, and all protocol-level funds and contracts remain secure. Pendle assured that no protocol code or smart contracts were exploited, and the issue was isolated to one wallet. The incident, reported in October 2023, led to temporary price fluctuations of Pendle's tokens, but did not cause broader market disturbances. Exchanges reported that withdrawals did not significantly impact trading volumes or liquidity. Pendle's infrastructure remained stable, and operations continued without any changes in leadership.