Venus Protocol, the BNB chain’s leading lending platform, said it has fully recovered work after suspending withdrawal and liquidation in response to alleged exposure on Tuesday.
The protocol confirmed Wednesday that the lost funds were collected and that the suspension would ensure security teams complete a full check to ensure that the frontend is not compromised.
The incident stemmed from the renewal of a malicious contract that leaked an estimated $27 million and was prompted to shut down important functions during the investigation.
Update: The VENUS protocol was fully recovered by 9:58pm (drawers and liquidation resumed). ✅
The lost funds were recovered under Venus protection. https://t.co/y2uuwpqmtb
– September 2, 2025, VENUS Protocol (@venusprotocol)
On-Chain Thruth initially flagged suspicious moves from the platform’s Core Pool Secretary’s contract. This appears to route user assets such as VUSDC and Veth to the hacker’s wallet.
Despite the platform’s security that funds are safe, Venus’ native token XVS remains down 2.69% in the last 24 hours since its sale on Tuesday.
Venus expressed his appreciation to the community for support during X’s “significant moments,” saying that he will soon be making public after the full death of the incident.
He emphasized that the suspension is “necessary not only to secure adoption funds, but also to carry out a full security check.”
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