Venus Protocol, a prominent lending market on the BNB Chain, has denied allegations of a major security breach over the past weekend.
These speculations initially suggested a $54 billion exploit, as blockchain security firm SlowMist reported.
Venus Protocol Refutes Claims of Major Exploit
Brad Harrison, the Head of Venus Labs, addressed these concerns on December 10 through a post on X.
Some facts:
Binance Oracle, which supports the asset of snBNB in the *isolated* pool reported a wrong price resulting in about $200k of borrows. This is the only reported issue.
This user is associated with a Binance account.
There’s no issue with the core pool or otherwise.
— Brad /acc (@bradherenow) December 10, 2023
He clarified that the incident was not an exploit of Venus Protocol but rather a misreporting of prices by Binance Oracle, a decentralized application instrumental in providing external data to smart contracts. This error led to approximately $200,000 in unwarranted borrows, a figure
We współpracy z: https://cryptopotato.com/venus-protocols-token-crashes-over-12-amidst-exploit-claims/
