pNetwork
Last changed 2026-10-28 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score did not change. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -8 |
| Concerns that are not fraud | -9.6 |
| Incidents it suffered (e.g. hacks) | -3.2 |
| Problems around it, caused by others | -1.6 |
| Long-running | +10 |
| Sum | 53 |
Score: 53/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-10-28 · 4 of 8 claims confirmed · 1 need better sources · 3 disputed
anchored·4c8kcP…F78aSummary
pNetwork is a cross-chain bridge and interoperability protocol built on the pTokens architecture, enabling assets to move between Bitcoin, Ethereum, BNB Chain, and other networks via wrapped synthetic tokens. The protocol has suffered two major security incidents — a September 2021 pBTC-on-BSC hack losing approximately $12 million, and a November 2022 pGALA incident that triggered a $28 million lawsuit by Gala Games and Huobi alleging pNetwork's own engineers caused the vulnerability through a leaked private key, then allegedly profited from a self-described 'white hat' rescue. As of 2025, the PNT governance token trades at a fraction of its 2021 peak and the protocol operates with negligible market capitalization and trading volume.
Connected Entities
7 entities · 60 linked investigations- Ethereum→mentioned with→Bitcoin(60%)
- pNetwork→mentioned with→Bitcoin(70%)
- pNetwork→mentioned with→ZachXBT(70%)
- pNetwork→mentioned with→Binance(60%)
- pNetwork→mentioned with→Ethereum(70%)
- ZachXBT→mentioned with→Ethereum(70%)
- ZachXBT→mentioned with→Bitcoin(65%)
- ZachXBT→mentioned with→Binance(60%)
- Binance→mentioned with→Ethereum(65%)
- Gala→mentioned with→Bitcoin(60%)
- + 6 more
Connected Through
6 shared actors · 594 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Ethereumorganization
- □ZachXBTorganization
- ♦Bitcointoken
- □Binanceorganization
Timeline(10 events)
March 2020
pNetwork launches its first cross-chain bridge connecting Bitcoin and Ethereum, enabling pBTC minting.
May 2019
Provable Things (formerly Oraclize), the company behind pNetwork's technology, merges with Poseidon Group.
19 September 2021
Attacker exploits event-log validation bug in pBTC-on-BSC bridge, stealing 277 BTC (~$12 million). Other bridges unaffected.
20 September 2021
pNetwork publicly discloses the hack, patches the bug, deactivates all cross-chain bridges, and offers a $1.5 million bounty for return of funds.
28 August 2022
A pNetwork engineer allegedly commits a plaintext private key controlling the pGALA contract's admin and minter roles to a public GitHub repository, creating the vulnerability exploited in November 2022.
3 November 2022
pNetwork mints 55.6 billion pGALA tokens on BNB Chain and dumps them on PancakeSwap, crashing GALA price by 94–97% and draining ~$4.3–4.5 million from the liquidity pool. pNetwork characterizes this as a white hat rescue; Huobi alleges it was a premeditated attack for profit.
4 November 2022
pNetwork issues post-mortem citing a smart contract misconfiguration and defending the white hat action. BlockSec on-chain analysis confirms the leaked private key as root cause.
20 March 2023
Gala Games files a $28 million negligence and tortious interference lawsuit against pNetwork on behalf of pGALA victims, citing over $25 million in out-of-pocket costs.
3 April 2023
Huobi and Gala Games announce a joint $50 million compensation plan for affected users and confirm joint legal action against pNetwork.
2025
PNT token trades at approximately $0.0005, with a market cap of roughly $47,000 and near-zero daily trading volume, representing a decline of over 99.9% from 2021 highs.
Decision Log
- slot 462278782 · hash 5ZPiWaXaUnKnfjFodnDy1FiPu8spDkk4hZcn73uNzBZw
- slot 462278778 · hash Dd4rReKc6swE7Fx2iLLgsU7VeowwCCVfaTg9LbbQPV3S
- slot 455368411 · hash BuDYKvSqWNejCpNvkFeWVqR4yN9W6ahinLaVFtnHxLw3
- slot 422120680 · hash 51vKUB6PPeV8W3eY5VSNHkkTLeTrR32a4mHGBzfiY2ry
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 13 of 24 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:53 AM
last updated: 10/28/2026, 12:46:54 AM
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