Venus Protocol User Loses $27M in Devastating Phishing Attack

Another day, another crypto horror story—this time with a $27 million price tag.

How It Went Down

A Venus Protocol user just got cleaned out in what appears to be a sophisticated phishing scam. The attacker drained the victim's wallet, making off with a jaw-dropping $27 million in assets. No slow transactions here—this was a digital heist executed at blockchain speed.

Security Lessons Ignored

Despite years of warnings about wallet security, users still fall for these schemes. Hardware wallets exist. Multi-sig exists. But apparently, so does complacency—and greed. The promise of yield farming returns often overshadows basic operational security.

Welcome to decentralized finance—where you're your own bank, security guard, and fraud investigator. Sometimes that means you're also your own casualty. Just another reminder that in crypto, your keys aren't just your coins—they're also your single point of failure.

Separate Bunni Exploit Costs $2.3M

On the same day, decentralized trading platform Bunni suffered a separate breach worth about $2.3 million.

Blockchain security firm BlockSec flagged the incident, pointing to flaws in Bunni’s Ethereum-based smart contracts. The stolen funds were traced to wallet 0xE04…64f2b, which currently holds roughly $1.33 million in USDC and $1.04 million in USDT. The exact attack method has not yet been disclosed.

Both the Venus phishing scam and the Bunni exploit highlight the biggest dangers in DeFi users falling for scams and loopholes in smart contracts. With more money flowing into the space, these threats aren’t going away anytime soon. 

Note: This is a developing story. More details are anticipated.

Also Read: CertiK Flags Suspicious Activity in OLAXBT’s AIO Tokens