Today, Venus Protocol (XVS) key account (0x56…2008) was at risk, according to BSC on-chain data.
According to Peckshield, the user was phished, approved the attacker’s address and then transferred the funds. The attack affected assets of approximately $27 million.
The Venus Protocol security update contacted affected users directly and said it temporarily suspended the protocol to prevent hackers from withdrawing funds. He also emphasized that the incident was a result of a user-generated attack, not a vulnerability within the protocol itself.
According to the latest statement, Venus Protocol has launched an emergency voting process after the attack. The proposal includes:
- Partial resumption of protocols to enable debt payments and fund deposits within five hours,
- Forced liquidation of the attacker’s wallet and recovery of stolen funds within seven hours;
- The goal is to complete a full security review within 24 hours and prevent similar attacks.
Once the security review is complete and the update is shared via X (Twitter), the protocol will resume completely.
Changpeng Zhao, founder of Cryptocurrency Exchange Binance, commented on the development by saying, “Quick and accurate response. It’s great that the community came together to protect users and fight hackers. Congratulations.”
*This is not investment advice.
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