Venus Protocol hacker lost $4.7M after nine months of planning
The hacker who attacked DeFi lending platform Venus Protocol lost almost $5M on-chain, following nine months of preparation.
The hacker who attacked DeFi lending platform Venus Protocol lost almost $5M on-chain, following nine months of preparation.
The Venus Protocol user signed a malicious delegation transaction, granting the attacker’s contract control over their deposited funds.
DeFi lender Venus has a plan for a potential major liquidation of BNB made by hackers last year… but dodgy finances plague the protocol.
Once-multi-billion dollar DeFi money market, Venus (XVS), operates one of Binance Smart Chain’s most opaque book of finances.