A significant account on the Venus Protocol experienced a major security breach, resulting in a loss of over $27 million in assets from the BNB Chain. The attack targeted this whale-sized user through phishing and caused the protocol to temporarily pause its operations. While the protocol’s smart contracts weren’t compromised, a thorough security review is underway. This incident has sparked discussions on user security practices within DeFi platforms. The impact of the incident on market dynamics will be closely watched, with potential changes in trading patterns. Meanwhile, experts suggest stricter measures are needed to safeguard large accounts from such attacks.