Venus Protocol Loses $27 Million in Suspected Exploit on BNB Chain
Venus Protocol, a major lending platform on the BNB Chain, experienced a suspected exploit leading to the loss of approximately $27 million in assets.
- Attackers likely compromised the Core Pool Comptroller contract, redirecting funds to a malicious address.
- Stolen tokens include vUSDC and vETH.
- Security teams are monitoring the situation; no official statement from the Venus community yet.
- The stolen funds remain in the attacker’s contract without being swapped, raising concerns about potential cash-out attempts.
- Venus allows users to earn interest by depositing assets and offers collateral-based loans.
- The native token XVS is used for governance and incentives. Venus previously managed over $7 billion in assets.