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Hexagate and Community Efforts Avert $13M Loss in Venus Protocol Hack
Hexagate and Community Efforts Avert $13M Loss in Venus Protocol Hack
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BTCCSquare news:
Hexagate and the Venus Protocol community demonstrated exceptional vigilance in thwarting a $13 million hack attempt on September 2, 2025. The attack, involving a sophisticated social engineering scheme via a compromised Zoom client, was neutralized within 20 minutes thanks to Hexagate's early detection systems.
Venus Protocol's swift suspension of market activities prevented asset drainage, showcasing DeFi's evolving security capabilities. Chainalysis confirms the incident sets a precedent for rapid response protocols in decentralized finance.
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