Following allegations of a large account drain and hacking in an altcoin, developers have issued a statement. The project team released a statement regarding the claims regarding Pendle (PENDLE), which caused a brief panic in the cryptocurrency market. Market sources had claimed that the protocol had been hacked, with hackers withdrawing over $1 million in assets. Following this development, the Pendle team issued an official statement confirming that the protocol had not been hacked and that all funds were safe.