Venus Protocol Secures Stolen Assets After Phishing Attack

Following a phishing attack that resulted in the theft of $11.4 million worth of assets belonging to user Kuan Sun, Venus Protocol has successfully reclaimed the funds and returned them to their rightful owner. The protocol’s robust infrastructure enabled a swift response, with an investigation initiated within 20 minutes of detecting the issue. The attacker was forced to liquidate their holdings using blockchain security firms’ help, supported by community approval. Venus Protocol emphasizes its infrastructure wasn’t directly targeted during the incident.