Venus Protocol recovers 13.5 million dollars lost in the hunting attack star-news.press/wp

The Venus Protocol has regained the money lost in the hunting attack after a rapid intervention that includes the voting of the governance.

The Venus Protocol, one of the largest lending platforms in the BNB (BNB) series, has regained about $ 13.5 million lost in a hunting accident. the to update It was shared by the platform on September 3, which confirms that the assets have been completely restored.

Whale wallet

On September 2, Venus user highly valued control of assets worth about $ 13.5 million after agreeing to harmful treatment. Security companies initially estimated losses of 27 million dollars, but they later modified these numbers to take into account the user’s debt site.

Among the stolen assets Bitcoin (BTCB), VUSDT, VUSDC, VXRP, and Veth. It is worth noting that this was a compromise on the user level instead of violating the smart contracts of Venus, which indicates the continuous risks of social engineering even in Defi.

Fast response and recovery

In order to prevent the attacker from transferring money or final situations, Venus immediately stopped the protocol. The temporary suspension stopped the exploiter activity and bought time to vote for emergency governance.

By agreeing to the forced liquidation of the attacker’s holdings, the community was able to secure the stolen assets before mixing or filling them.

By September 3, the PECKSHIELD security company has confirmed that the money has been restored. Transactions on the BNB series show recovery while working, while returning assets to protocol reserves. Venus announced the full appeal of operations at 9:58 pm UTC after the completion of safety tests.

Market and society reaction

XVS, Venus Governance Code, initially decreased by approximately 10 % on the news, with an increase in trading volume as users rush to assess the damage. After confirming the recovery efforts, the distinguished symbol settled, and showed renewable confidence.

The result, which is a rare fully recovery process for stolen money, has become possible through Venus emergency tools. However, the debate about centralization in Defi was stimulated because the multiple intervention required to stop the protocol and strength.

Venus said that it would be released after the detailed death, but stressed that the protocol itself remained safe.

Hunting attacks have become common in the encryption industry. Unlike the protocol exploits, social engineering depends on the user’s mistake and avoids the audit of code, usually through harmful popup or siped simulation sites.