According to on-chain analyst @EmberCN, a hacker is holding 11,700 stolen ETH distributed across four separate wallets. The analyst is monitoring the on-chain activity to see if the hacker will return the majority of the funds in exchange for a 10% bounty. @EmberCN has identified the wallets holding the assets, with addresses such as 0xa33Fcbe... and 0xe9Ad5a0... each containing 3,000 ETH. The potential movement of this significant amount of ETH is a key event for traders to watch, as it could impact market liquidity and price.

According to ZachXBT, the team involved is under pressure to accept a higher bounty offer because they lack control over the funds in the current situation. This implies that the decision-making process is influenced by external factors, potentially impacting the team's strategy and financial security.

According to @EmberCN, the Penpie project team has reached out to the hacker responsible for the recent theft of their funds. They have communicated on-chain, offering a bounty in exchange for the return of the stolen assets. Contact information has been provided in hopes of a positive resolution.