Venus Crypto Pauses Operations After $27M Hack

The post Venus Crypto Pauses Operations After $27M Hack appeared first on Coinpedia Fintech News

A major account on Venus Protocol (0x56…2008) was likely compromised in a phishing attack involving over $27 million. The user granted approval to a malicious address, allowing the attacker to transfer funds. Venus Protocol confirmed awareness of the suspicious transaction, has paused operations, and is actively investigating the incident. The team promises updates as more information becomes available, highlighting the ongoing risks of wallet-level phishing and the importance of user vigilance in DeFi security.