A large wallet was hacked on the Venus Protocol, losing 27 million dollars.

Uzmancoin

2025-09-02 02:31:43

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A large wallet trading on the Venus Protocol lost 27 million dollars due to a phishing attack. According to the information provided by the crypto security firm CertiK, the user's approval of a malicious wallet led to the significant loss.

The protocol was thought to be hacked

The crypto media initially reported the news as “Venus Protocol was hacked.” The magnitude of the stolen amount led to the assumption that the protocol had been hacked. It later emerged that the incident was not a direct protocol hack, but rather the result of the wallet owner's approval, which allowed the hacker to gain access and empty the user's wallet.

Venus has suspended transactions

On the other hand, according to the information provided by CertiK, Venus has also halted transactions on the protocol. According to CertiK, the reason for this is to prevent further damage on-chain and to investigate the situation…

There has still been no official statement from Venus Protocol regarding the issue.

It appears that there is a 5% decrease in Venus's own token.

Published: September 2, 2025 13:31Last Updated: September 2, 2025 13:37

XVS-3.78%

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