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Venus Protocol Suspends Operations After $27M Phishing Loss
CryptocurrencyPhishing AttackUpdated a few seconds ago

Venus Protocol Suspends Operations After $27M Phishing Loss

Venus Protocol has temporarily halted its operations following a phishing attack that led to a staggering loss of $27 million for one user. The platform emphasized that the incident was not due to any vulnerabilities in its contracts and is currently undergoing security reviews to safeguard its users.

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Venus Protocol pauses after $13.5m phishing attack hits major wallet
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Venus Protocol has paused trading after a user lost $13.5 million in a phishing attack. This incident highlights vulnerabilities in decentralized finance platforms.
Editor’s Note: This matters because it raises concerns about security in the DeFi space, potentially affecting user trust and the overall market. Users need to be aware of such risks to protect their investments.
Venus Protocol user suffers $27M loss from phishing attack
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A user of Venus Protocol has suffered a significant loss of $27 million due to a phishing attack. The platform has paused operations to conduct security reviews, clarifying that the loss is not related to any flaws in its contracts.
Editor’s Note: This incident highlights the ongoing risks associated with cryptocurrency platforms and the importance of security measures. Users must remain vigilant against phishing attempts, which can lead to substantial financial losses.
Venus Protocol suspends platform after phishing scam drains $27 million, XVS falls 6%
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Venus Protocol has suspended its platform after a phishing scam resulted in the loss of $27 million. The incident was flagged by blockchain security firm Cyvers, prompting immediate action to protect users.
Editor’s Note: This situation highlights the vulnerabilities in cryptocurrency platforms and the importance of security measures. The loss of such a significant amount can shake user confidence and impact the broader crypto market.

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