Temporary pause on snBNB market and other isolated markets on Venus due to Binance Oracle price feed issue

By Venus Protocol
Oct 29, 2024, 10:42 AM
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Following recommendations from Chaos Labs, the snBNB market and two other isolated markets have been temporarily paused on Venus due to a Binance Oracle price feed issue.​ The Venus community will propose injecting liquidity from the treasury to the affected pool while funds are being recovered.​ Other markets on Venus are unaffected and the Binance Oracle team has fixed the issue.​

Sources

Venus and Binance Oracle will share complete details shortly. The $snBNB price feed is back to normal, Core Pool and other markets are unaffected. Funds are SAFU.

Brad
Brad
@bradherenow

Some facts: Binance Oracle, which supports the asset of snBNB in the *isolated* pool reported a wrong price resulting in about $200k of borrows. This is the only reported issue. This user is associated with a Binance account. There's no issue with the core pool or otherwise.

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