Venus Exploits: How User Errors Led to $30 Million Loss

A recent incident involving the Venus cryptocurrency lending protocol, built on the BNB Chain, has highlighted a critical aspect of DeFi security: user responsibility. The platform reported a significant financial loss of $30 million, but clarified that this wasn’t due to a fault in their smart contracts. Instead, the loss stemmed from an individual user whose account was compromised, leading to unauthorized access and transfer of funds.