Venus Protocol Users Lose $13.5 Million Due to Account Compromise

The decentralized finance (DeFi) sector, while known for its innovation, also carries inherent risks. Recent events involving the Venus Protocol have highlighted these vulnerabilities, with users losing a significant sum of money in a security breach affecting individual accounts. Initial estimates suggested losses exceeding $30 million, later revised to $13.5 million. This incident underscores the critical need for individual vigilance and security practices within the cryptocurrency space.