Venus Protocol Resumes Operations After $13.5M Theft Scare

Following a phishing-related theft of $13.5 million from the Venus Protocol, the decentralized lending platform has resumed full operations. The stolen funds have been secured by the platform, and no user assets or frontend were compromised. This incident led to a temporary halt in withdrawals and liquidations, but the team swiftly implemented security measures to address the issue. A comprehensive security audit was conducted, and the platform confirmed that user data and interfaces remained unaffected. While market response to the recovery remains subdued with only a slight increase in XVS token value, Venus assures users that the outage provided an opportunity for security experts to thoroughly investigate for deeper breaches and that they are grateful for community support during this time. The team plans to release a detailed report outlining the recovery process and findings within the coming days.