Detail Analysis
Date:
Status:
Count:
Contributor:
January 14, 2021
Verified
2
zerofriction.io
Loss Amount:
88,000,000
Recovered Amount:
-
Currency:
Dollars, BTC, ETH, CAN
KYC By:
Audit By:
None
None
Key Indicators
Platform:
Type:
Category:
Method:
Binance
Protocol
Lending
Contract Vulnerabilities
Extended Method:
Contract vulnerabilities
Data Sources:
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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