Venus Protocol Successfully Recovers Funds After Security Breach

DeFi lending platform Venus Protocol successfully recovered user funds following a security incident on September 2, 2025. The incident saw attackers exploit a phishing attack to compromise a user’s wallet and gain unauthorized control of the platform. However, the team swiftly responded with an emergency voting mechanism, halting transactions and recovering stolen funds within 13 hours. Venus Protocol confirmed there were no vulnerabilities in their front-end, emphasizing the security of their protocol during this incident.