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Detail Analysis

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Date:

Status:

Count:

Contributor:

January 14, 2021

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Verified

2

zerofriction.io

Loss Amount:

88,000,000

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Recovered Amount:

-

Currency:

Dollars, BTC, ETH, CAN

KYC By:

Audit By:

None

None

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Website:

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Binance

Protocol

Lending

Contract Vulnerabilities

Extended Method:

Contract vulnerabilities

Data Sources:

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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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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.