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ID:

venus-414

Date:

Status:

Incident Count:

January 14, 2021

Verified

2

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

88,000,000

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Recovered:

-

Rewards:

Currency:

USD, BTC, ETH, CAN

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Binance

Protocol

Lending

Contract Vulnerabilities

Extended Method:

Contract vulnerabilities

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Days in Operation:

0

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Decentralized money market platform, Venus, has suffered a vulnerability that could see investors lose more than $88 million in Bitcoin and Ethereum. According to Chain News, which cites the Binance Chain block explorer, users on the Venus platform have been instructed to “retreat” by Cobo co-founder, Shenyu. His warning relates the large amount of assets currently being held in the lending pool, on which he states: “The price may plummet and there is a hidden danger that Bitcoin and other value coins cannot be returned.”

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