Binance-Backed DeFi Project Was Attacked for Hundreds of Thousands of Dollars: There is an Explanation!

Venus (XVS), the decentralized finance (DeFi) platform supported by Binance, came to the fore with a remarkable problem.

Blockchain security firm SlowMist, 10 December Venus was subjected to a cyber attack on announcement did. However, the Venus team made a statement shortly after, emphasizing that the problem was not caused by a major security vulnerability as thought and that all funds were safe.

In the statement made by the team, Venus Core Pool or XVS with relating to One problem that there is no While mentioning the problem Binance Oracle It was stated that it was caused by a short-term price error on the

After the first explanation, a more detailed in sharing The team found snBNB, agEUR And stkBNB He stated that his pools were affected by the abuse in question. These pools were used immediately after the attack. temporarily frozen.

Due to the problem, approximately Losses of 274 thousand dollars Venus front indicating that it was giventhat the ikidite will be replaced immediately he stated.

The statement that the Binance Oracle team detected and resolved the problem was conveyed as follows:

There is no problem with Venus Core Pool or XVS. There is no problem with security either. There was a short-term price issue on Binance Oracle, while a small isolated pool experienced a BNB price issue and the snBNB team is working on this issue. It is also worth noting that the Binance Oracle team has already identified and fixed the issue and this is definitely a temporary situation.

According to DeFiLlama data, total on Venus $722 million worth of assets locked (TVL) is available. In the last 24 hours 10% depreciating XVS, at the time of writing from $9.55 is being traded.


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