🚨 @VenusProtocol on BSC was exploited for ~$3.7M on March 15.
Root cause: supply cap bypass via direct ERC-20 transfers to a vToken contract, a known Compound V2 design flaw previously flagged in Venus’s own Code4rena audit.
Example tx:
bscscan.com/tx/0x5aede60c76cd1...…
~50 exploit transactions in total. 🧵

Venus states the oracle functioned as designed, reflecting market prices.
The issue was an artificially pumped collateral asset feeding into an uncapped position.
THE market and 8 other low-liquidity markets are now paused while supply-cap enforcement is being hardened.
x.com/VenusProtocol/status/203...…
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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