Opaque DeFi protocol Venus braces for $150M BNB liquidation
DeFi lender Venus has a plan for a potential major liquidation of BNB made by hackers last year… but dodgy finances plague the protocol.
Bitcoin24h
$78,346.77-2.81%
Ethereum24h
$2,191.41-2.91%
BNB24h
$659.85-3.56%
XRP24h
$1.42-3.32%
Solana24h
$87.39-4.20%
TRON24h
$0.3513-0.07%
Dogecoin24h
$0.1102-3.69%
Hyperliquid24h
$41.86-8.99%
UNUS SED LEO24h
$10.05-1.33%
Cardano24h
$0.2554-4.44%
Community questions opaque finances at BNB Chain protocol Venus
Once-multi-billion dollar DeFi money market, Venus (XVS), operates one of Binance Smart Chain’s most opaque book of finances.
DeFi project LaunchZone claims to be latest victim of BNB chain exploits
80% of funds have been drained from LaunchZone’s liquidity pool, resulting in its native token LZ plummeting in value.
Uniswap votes to launch on Binance’s centralized BNB Chain
Despite community concerns, a vote to deploy Uniswap v3 on BNB Chain has passed with over 80% of the vote.
-
Crypto firms put IPO plans on ice as listed companies tank—by Protos Staff
-
AP just rugged crypto bros with a Swatch collab—by Protos Staff
-
Somebody is flooding Bitcoin’s network with new IP addresses—by Protos Staff
-
Bitcoin dropped to $0.019 on Revolut today—by Protos Staff
-
JaredFromSubway.eth sandwich attacked Vitalik Buterin—by Protos Staff
-
Every time Michael Saylor said he’d never sell bitcoin—by Protos Staff
-
David Schwartz says don’t invest in Ripple—by Protos Staff
-
Strategy’s BTC binge has cost it $1 billion in expenses—by Protos Staff
-
MegaETH’s MEGA launch soured by undisclosed fees on Kumbaya—by Protos Staff
