News with the tag "Venus Protocol"

An error on the Binance Oracle application has led to false reports of Venus Protocol’s hack, resulting in an 11.5% drop of XVS price. Brad Harrison, Head of Venus Labs, took to X on Dec. 10, 2023, to explain that…

A widely followed crypto trader says two prime setups have formed on two low-cap altcoin projects. Pseudonymous analyst and trader Altcoin Sherpa tells his 196,000 followers on the social media platform X that he’s watching decentralized finance (DeFi) lending platform Venus (XVS), and proof-of-work...

BNB's downtrend has brought a notorious lending position arising from the October 2022 BNB exploit into focus.

In a complex tangle of smart contracts, governance proposals, and fluctuating crypto prices, the financial health rate of the infamous Binance BNB Bridge exploiter address (0x48…9bec) has fallen below the critical value of 1, hovering at 0.99. This development is of particular interest, given that t...

The perpetrator who hacked Binance’s internal cross-chain bridge last year and looted $570 million worth of Binance Coin (BNB) just got some of their stolen funds liquidated. In October, the hacker in question exploited BSC Token Hub, the cross-chain bridge between the BNB Beacon Chain (BEP2) and th...

The Venus Protocol has officially launched its VIP-129 governance proposal that focuses on migrating the TUSD contract on the BNB Chain

Venus Protocol, a prominent DeFi lending platform in the BNB Chain ecosystem, finds itself in a delicate position. A significant loan taken out in Binance Coin (BNB), Venus’ native token, teeters on the precipice of liquidation as the token’s value dips precariously. This impending scenario threaten...

Crypto market observers are currently focusing on the Venus Protocol this week as the protocol grapples with a possible liquidation of binance coin (BNB). The hacker who exploited the BNB blockchain managed to secure $150 million in stablecoins through the use of Venus. If the price of BNB slips to ...

In a high-stakes development, all eyes are on Venus Protocol, the decentralized lending platform operating within the BNB Chain ecosystem. The platform finds itself on the brink of liquidation due to a substantial Binance Coin (BNB) position that hangs precariously close to the edge, raising concern...