Quite recently, in [4], a new time-memory tradeoff algorithm was presented. The original goal of this algorithm was to count the number of points on an elliptic curve, however, the authors claimed that their approach could be applied to other problems. In this paper, we describe such an application and show a new way to attack the Permuted Kernel Problem. This new method is faster than any previously known technique but still requires exponential time. In practice, we find that attacking PKP for the original size proposed by Shamir in [6] could be done on a single PC in 125 years.