ID:
venus-414
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Binance Smart Chain
Protocol
Lending
Contract Vulnerabilities
Extended Method:
Contract vulnerabilities
Days in Operation:
0
100 pts each
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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