Finance
What to Know:
- Venus Protocol, that shining star of BNB Chain, finally twitched back to life after a dramatic $27 million vanished faster than your last paycheck, thanks to a sneaky contract update.
- The pause button was pressed-oh yes, like that dramatic soap opera-allowing the security folks to peek behind the curtain and make sure no one else’s goodies went missing.
- Meanwhile, the native token XVS, feeling more like a mood swing, dipped 2.69% in the past 24 hours-probably sulking because it wasn’t the hero.
Venus Protocol, that venerable platform of lending luminaries on BNB Chain, declared it alive again-no blood, no bruises-after a suspension that looked more like a timeout for a toddler having a tantrum.
The day of reckoning-Wednesday-brought news that all the wallets had been lovingly restored, reassuring everyone that the front end, the shiny face of Venus, was still pretty and unscathed.
This petty villain-the malicious contract update-drained an estimated $27 million, causing Venus to hit pause, maybe to cool down from the headache or to check if anyone had stolen their lunch money.
Update: Venus Protocol is back, honey! Withdrawals and liquidations are rolling again at 9:58PM UTC. âś…
The missing millions have been kindly returned by the universe-or maybe the hackers just got bored. Either way, all’s well that ends well, right?
– Venus Protocol (@VenusProtocol) September 2, 2025
On-chain detectives-those digital Sherlocks-had spotted some suspicious wiggle-worms in the Core Pool Comptroller contract, which appeared to be directing innocent user assets like vUSDC and vETH straight into the hacker’s wallet, like a bad magic trick.
Despite assurances that funds are safe as grandma’s apple pie, XVS-the platform’s prized native token-decided it preferred to take a little dip, probably to make the drama more interesting.
Venus promises a full post-mortem-probably with flamboyant charts and tearjerking moments-and thanks its community for sticking around during what it calls a “critical moment”-sounds grand, doesn’t it?
It blurted out that the pause was “necessary”-like Dorothy’s slippers-to ensure the phished funds stayed put and full security checks could be done without chaos.
Read More
- FTN PREDICTION. FTN cryptocurrency
- NEXO PREDICTION. NEXO cryptocurrency
- STETH PREDICTION. STETH cryptocurrency
- Silver Rate Forecast
- Gold Rate Forecast
- Brent Oil Forecast
- USD HKD PREDICTION
- EUR INR PREDICTION
- EUR CHF PREDICTION
- USD AUD PREDICTION
2025-09-03 12:56