DeFi Venus Protocol Seeks to Fill $270,000 Hole Due to Oracle Incident

THE Challenge ready And loan protocol has confirmed he was affected by A dysfunction Binance price oracle but confirmed user funds were safe.

News Join We on social networks

Decentralized finance protocol Venus has confirmed he was impacted by A issue with A of It is price food oracles resulting In borrows totaling around $270,000 on Dec. 11, but has minimized THE incident Since be A "exploit" as describe by analysts, And Also sworn has replace funds Since THE Treasury.

On Dec. ten, reports begin emerging that THE Binance Channel based decentralized ready And loan walk had has been affected by A dysfunction price oracle.

X user '@SaulCapital' alert followers that THE "isolated pool on Venus Protocol For liquid staked BNB obtained exploited. »

He job A link has A suspicious wallet address implied In THE incident, which detained just below $260,000 has THE time of write.

However, Venus Protocol ambassador “@PersonVII” replied, declaring that he appeared has be A "Oracle price issue, happening In A little Isolated Market."

"Venus Heart Pool And other Swimming pools are completely separated Since each other And are not affected by This," he said, adding THE Venus Protocol Telegram channel that there was No issue with security.

Screenshot Since comments on Venus Protocol Telegram channel.

Head of Venus Laboratories “@bradherenow” Also confirmed that THE Binance Oracle, which supports THE snBNB active In THE isolated pool, "reported A fake price resulting In about $200,000 of borrows. »

On Dec. 11, Venus Protocol said they would be share more...