The post Venus Protocol User Loses $27M in Phishing Attack, Platform Pauses Operations appeared first on Coinpedia Fintech News
DeFi platforms are under increasing pressure as hackers find new ways to exploit vulnerabilities. Recent incidents have sent shockwaves through the crypto community, raising concerns about security and user safety.
Venus Protocol Account Loses $27M
A major account on the Venus Protocol, a leading lending platform on the BNB Chain, was compromised, losing about $27 million in a hack. Blockchain analysts believe the user’s interaction with the Core Pool Comptroller contract allowed attackers to steal tokens like vUSDC and vETH.
The stolen funds from Venus Protocol are still stuck in the attacker’s contract. Blockchain security firms Cyvers Alerts and Peckshield flagged the suspicious activity.
#PeckShieldAlert A user of @VenusProtocol has been drained ~$27M in crypto after falling for a #phishing scam.The victim approved a malicious transacti
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