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Venus Protocol Halts Operations Following $27 Million Phishing Attack
Venus Protocol Halts Operations Following $27 Million Phishing Attack
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BTCCSquare news:
Venus Protocol has suspended operations after a high-value account was compromised in a sophisticated phishing attack, resulting in the loss of over $27 million. The breach occurred when a user inadvertently granted transaction approval to a malicious address, enabling unauthorized fund transfers.
The platform's team confirmed awareness of the exploit and initiated an immediate investigation. Security remains a critical vulnerability in decentralized finance, with wallet-level attacks posing persistent threats. Venus Protocol has committed to providing updates as the situation develops.
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