Venus Initiates Emergency Vote: Security Recovery Protocol and User Funds Recoupment
By: theblockbeats.news|2026/03/26 17:09:08
0
Share
Prefer us on Google
BlockBeats News, September 3rd: Venus Protocol has released an emergency vote in response to a security incident where users fell victim to a phishing attack, prompting the protocol to swiftly pause to protect asset safety. The team has proposed a partial protocol recovery to adjust positions and prevent liquidation, along with a forced liquidation of the attacker's wallet. The protocol will be fully restored once the security review is completed.
The vote includes:
- Partial recovery of the Venus Protocol within 5 hours (enabling debt repayment/supply of funds);
- Recovery of stolen funds within 7 hours;
- Security review of Venus within 24 hours to prevent any other users from being subjected to similar attacks.
Full recovery of Venus - Updates and timelines will be announced separately.
-- Price
--
--
--
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Judicial Investigation Agency Raids Properties of Alias 'Gato's' Children in Costa Rica Case Expansion
ZK proving must move beyond GPUs as AI tightens compute supply, Cysic CEO says
TermMax Scheduled TGE on August 25, 2026
xStocks launches on BNB Chain, with the first batch of 50+ tokenized US stocks open, and 100+ assets to follow soon
BNB Chain officially announced that the tokenized stock platform xStocks has been launched, with the first batch opening over 50 tokenized US stocks and ETFs, including Apple, Tesla, Nvidia, and the S&P 500 ETF, with an additional 100+ assets to be added in the coming weeks.Users can participate wit...
Data: Venus attackers transferred 2,301 ETH, which was then gradually moved to Tornado Cash for laundering
According to on-chain analyst Ai Yi's monitoring, the Venus attacker transferred 2,301 ETH (approximately 5.32 million USD) to address 0xa21...23A7f, and then gradually transferred it into Tornado Cash for laundering. Currently, there is still 17.45 million USD worth of ETH on-chain.
Venus speaks out on the Kelp incident: the platform has no rsETH exposure and has proactively adjusted the collateral rates of six asset types to 0
Venus Protocol posted on platform X regarding the Kelp incident, stating that the platform has zero exposure to rsETH, has not incurred any bad debts, and user funds are safe.As a precaution, based on the recommendations of the risk management party Allezlabs, the platform has temporarily adjusted t...
Venus Protocol Halts Isolated Pools While Ensuring Asset Security
Key Takeaways: Venus Protocol has paused all its isolated pools as of April 14, 2026. User funds are…
Venus Protocol announces the independent pool has stopped operating, but withdrawals are still open
Venus Protocol announced on the X platform that the isolated pools on Venus have now stopped operating, all pools have been suspended, but user funds are safe, and withdrawals remain open. Users can choose to migrate or withdraw based on whether their assets are on Venus Core.
1 billion DOTs were minted out of thin air, but the hacker only made 230,000 dollars
Liquidity saved Polkadot's life.
Project Hunt: The decentralized lending platform Venus has been the project most unfollowed by top figures in the past 7 days
According to tracking data from the Web3 asset data platform RootData X, in the past 7 days, the decentralized lending platform Venus has been the project that X (Twitter) top figures have unfollowed the most. The new influential figures on X who have unfollowed this project include cryptocurrency t...
Cysic officially open-sources Venus and has been listed as an Ethereum Ethproofs integration partner
Cysic officially announced the open-source Graph-First zkVM proof framework Venus. Venus is built on top of ZisK, abandoning the traditional HAL model that treats the proof process as a series of isolated backend functions, and encoding the entire ZK proof process into a global computation graph, de...
PeckShield: In March, the cryptocurrency industry experienced 20 major security incidents, with total losses of approximately 52 million USD
According to on-chain analyst PeckShield, there were a total of 20 major hacking incidents in the cryptocurrency sector in March 2026, with total losses reaching $52 million, a staggering 96% increase compared to $26.5 million in February.The most concerning risk this month is the "shadow contagion"...
Venus Protocol: Assets of Phishing Incident Victims Have Been Restored in Equivalent Value Based on Today's Token Price
BlockBeats News, September 8th, Decentralized lending protocol Venus Protocol tweeted that after conducting due diligence, the team has officially returned the $11.4 million position to the victim Kuan Sun (@KuanSun1990) at today's token price.Prior to this, Venus Protocol released an analysis of a ...
Venus $13 Million Phishing Attack Victim Retrospective: Attack by Lazarus Hacker Group, Originating from a Spoofed Zoom Meeting Invitation
BlockBeats News, September 4th, EurekaTrading founder Kuan Sun tweeted a recap of his near $13 million loss due to a phishing attack:On September 2, 2025, around $13 million in assets in his wallet were nearly stolen by the Lazarus hacking group. The security team took emergency action and ultimatel...
SlowMist: Venus Whale Incident Recovers Almost All Assets, Hacker Loses About $3 Million in Attack Cost
BlockBeats News, September 3rd, SlowMist Cosmos posted that "The phishing incident involving Venus whale @KuanSun1990 has reached a 'satisfactory conclusion,' with the user recovering almost all losses. As a result, the related hacking group has incurred an attack cost of nearly $3 million."
Venus: The protocol has fully resumed operation and recovered user funds that were stolen
BlockBeats News, September 3rd, Venus Protocol tweeted, "Venus Protocol has fully recovered as of 5:58 AM Beijing time (Withdrawal and Liquidation functions have been re-enabled). The lost funds have been recovered under Venus's protection. This suspension was not only to safeguard the funds targete...
Venus: Protocol Will Remain Paused and Assist Affected Users in Fund Recovery Efforts
BlockBeats News, September 2nd, Venus Protocol released a security incident update stating that they have been in direct contact with the victim of a phishing attack, the protocol will be paused, and Venus will make every effort to recover their funds. Venus was not compromised and is committed to s...
Since 2026, there have been at least 15 security attack incidents in the DeFi sector, with total losses exceeding 137 million dollars
According to crypto analyst Cipher (@CipherResearchx), there have been at least 15 security attack incidents in the decentralized finance (DeFi) sector, with total losses exceeding $137 million.The loss amounts for each incident are as follows: Step Finance lost approximately $27.3 million, Truebit ...
Besides Resolv Hack, This DeFi Vulnerability Type Has Occurred Four Times
17 minutes, 100k turned into 25M.
The Venus flash loan attacker transferred 1,743 ETH, approximately 3.78 million USD
According to on-chain analyst Ai Yi (@ai_9684xtpa), the Venus flash loan attacker transferred 1,743 ETH (approximately 3.78 million USD) to an address starting with 0x7a7 fifty minutes ago.
Venus: Due to a UST Depegging Event, the Flux Market has suspended UST Trading
BlockBeats News, March 22nd, Venus Protocol announced that "Due to the stablecoin USR issued by Resolv being exploited, trading of USR on the Venus Flux market has been suspended. Venus Core is unaffected, and all user funds are safe. We are actively monitoring the situation and will provide updates...
The Venus attackers have exchanged 2,178 BNB, 20 BTC, and 1.466 million CAKE for 2,257.3 ETH
According to on-chain analyst Yu Jin's monitoring, the Venus attacker has exchanged 2,178 BNB, 20 BTC, and 1.466 million CAKE for 2,257.3 ETH, worth 4.72 million dollars. From an on-chain perspective, he used 9.92 million U to execute this attack, which has currently returned about 5 million dollars...
The market on Venus was attacked, resulting in $2.15 million in bad debts
According to PeckShieldAlert monitoring, the THE market on Venus was attacked, resulting in approximately $2.15 million in bad debt.A month ago, the attacker withdrew 7,400 ETH from Tornado Cash and borrowed $9.9 million to buy THE. The attacker then directly donated 36.1 million THE to the vTHE con...
THENA clarification: Not attacked, smart contracts and all liquidity pools are safe and operating normally
In response to the recent market fluctuations of THE, THENA officially clarified that it has not been attacked. The incident originated from the THE market on Venus Protocol. THENA's smart contracts and all liquidity pools are secure and operating normally. They have now collaborated with zeroShadow...
Venus Protocol: THE market event originated from a supply cap vulnerability, not a flash loan attack
Venus Protocol released a statement regarding the THE market event, stating that this incident was not a flash loan attack, but rather a result of the attacker exploiting a supply cap vulnerability in the old code of the protocol. The team indicated that the attacker had been accumulating THE tokens...
After the attack on Venus, Sun Yuchen's position in XVS, which he has held for over two years, has shown unusual activity, currently experiencing an unrealized loss of about 75%
According to market news, Sun Yuchen withdrew 621,071 XVS from Binance at an average price of $12.21 two years ago, worth $7.58 million. After holding for more than two years, this address has transferred all tokens to a new address for the first time, and the recipient address is currently unknown....
Vitalik Revisits Ethereum Beacon Chain Architecture, Claude's Off-Peak Transaction Limit Doubled, What Are English-Speaking Communities Discussing Today?
In the past 24 hours, what was the most concerning issue for foreigners?
A suspected hacker address manipulated THE price, triggering a cascade of liquidations in the Venus Protocol, resulting in profits exceeding 5.07 million dollars
A wallet address that received 7,447 ETH (approximately $16.29 million) from Tornado Cash, "0x7a7," is suspected to be behind the CAKE/THE liquidation cascade event on Venus Protocol.The attacker borrowed $9.92 million in stablecoins using ETH as collateral on Aave, then hoarded a large amount of TH...
Venus released a preliminary analysis of the hacking methods and reduced the collateral factors for 7 markets to 0
Venus Protocol releases updates on the abnormal activity in the THE liquidity pool. In addition to previously suspending THE borrowing and withdrawals, the collateral factors (CF) for 7 markets have now been reduced to 0 as a precautionary measure against markets where a single user holds an excessi...
Oil Price Soars Amid US-Iran Tensions: Strategic Moves for Investors
Key Takeaways: The US-Iran conflict has led to a 45% surge in oil prices since February 27th, importantly…
Judicial Investigation Agency Raids Properties of Alias 'Gato's' Children in Costa Rica Case Expansion
ZK proving must move beyond GPUs as AI tightens compute supply, Cysic CEO says
TermMax Scheduled TGE on August 25, 2026
xStocks launches on BNB Chain, with the first batch of 50+ tokenized US stocks open, and 100+ assets to follow soon
BNB Chain officially announced that the tokenized stock platform xStocks has been launched, with the first batch opening over 50 tokenized US stocks and ETFs, including Apple, Tesla, Nvidia, and the S&P 500 ETF, with an additional 100+ assets to be added in the coming weeks.Users can participate wit...
Data: Venus attackers transferred 2,301 ETH, which was then gradually moved to Tornado Cash for laundering
According to on-chain analyst Ai Yi's monitoring, the Venus attacker transferred 2,301 ETH (approximately 5.32 million USD) to address 0xa21...23A7f, and then gradually transferred it into Tornado Cash for laundering. Currently, there is still 17.45 million USD worth of ETH on-chain.
Venus speaks out on the Kelp incident: the platform has no rsETH exposure and has proactively adjusted the collateral rates of six asset types to 0
Venus Protocol posted on platform X regarding the Kelp incident, stating that the platform has zero exposure to rsETH, has not incurred any bad debts, and user funds are safe.As a precaution, based on the recommendations of the risk management party Allezlabs, the platform has temporarily adjusted t...
...
Contents
Latest articles
Latest coin listings on WEEX
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
