11:08
Analysis: Venus has temporarily suspended contracts, and there may be hope of recovering the stolen funds.
According to a report by Jincai Finance, Twitter user benmo.eth tweeted that the loss from the Venus protocol being attacked by a hacker was due to a large investor (ending with 2008) signing a setDeleGate transaction one hour ago, which authorized the attack contract with address permissions. The attack contract took away most of the position from the large investor's address. In fact, it was not Venus that was attacked, and Venus promptly paused the contract, so the funds are still within the platform and there is hope for recovery.
XVS-2.23%
- 5
- 3

