2 weeks ago
Venus Protocol, 1 of the largest lending platforms connected the BNB Chain, was deed by a suspected exploit connected Tuesday with attackers seemingly draining an estimated $27 cardinal worthy of assets.
On-chain sleuths said they fishy the protocol’s Core Pool Comptroller declaration was updated to a malicious address, which past siphoned disconnected tokens including vUSDC and vETH.
Security teams are tracking the stolen assets and the Venus assemblage has yet to contented an authoritative statement.
The funds stay successful the attacker’s declaration and person not yet been swapped, leaving unfastened questions astir whether the exploit volition germinate into a full-scale cash-out.
Venus functions arsenic a wealth marketplace connected the BNB Chain, allowing users to deposit assets specified arsenic stablecoins and large tokens to gain interest, portion borrowers station collateral to instrumentality retired loans.
Its autochthonal token, XVS, plays a relation successful governance and protocol incentives. At its peak, Venus held implicit $7 cardinal successful assets, making it a halfway portion of BNB Chain’s DeFi ecosystem.
(This is simply a processing story.)
English (US) 