Venus Protocol, a major lending platform on BNB Chain, said it fully restored operations after suspending withdrawals and liquidations in response to a suspected exploit on Tuesday. The protocol confirmed on Wednesday that lost funds had been recovered and that the pause allowed security teams to complete full checks to ensure its front end was … Read more
Venus Protocol, one of the largest lending platforms on the BNB Chain, was hit by a suspected exploit on Tuesday with attackers seemingly draining an estimated $27 million worth of assets. On-chain sleuths said they suspect the protocol’s Core Pool Comptroller contract was updated to a malicious address, which then siphoned off tokens including vUSDC … Read more
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, … Read more