Venus Protocol Takes Precautionary Measures After rsETH Hack
Venus Protocol Takes Precautionary Measures After rsETH Hack
🛡️ Venus Locks Down
Venus Protocol confirmed it has zero exposure to rsETH and suffered no losses from a recent hack. Despite being unaffected, the protocol temporarily reduced collateral factors to 0 for several assets as a safety measure.
Assets affected:
- USDe
- sUSDe
- SolvBTC
- xSolvBTC
- USD1
- XAUM
Users can still repay and withdraw these assets through the Venus UI. The protocol emphasized that all user funds remain safe and will announce when normal collateral factors resume.
🚨 DOT Paused on Venus A vulnerability in the Hyperbridge gateway was exploited, allowing unauthorized minting of DOT tokens on Ethereum. As a precaution, we have taken the following actions: - Paused DOT supply and borrowing - Set DOT collateral factor to 0 - Removed DOT market
🚨 Venus Protocol has zero exposure to rsETH and incurred no bad debt. However, as a precautionary measure following the advice of our risk manager @Allezlabs, we have temporarily set the collateral factor of the following assets to 0: USDe, sUSDe, SolvBTC, xSolvBTC, USD1, XAUM
🚨 DOT Paused on Venus A vulnerability in the Hyperbridge gateway was exploited, allowing unauthorized minting of DOT tokens on Ethereum. As a precaution, we have taken the following actions: - Paused DOT supply and borrowing - Set DOT collateral factor to 0 - Removed DOT market
🚨 Venus Protocol has zero exposure to rsETH and incurred no bad debt. However, as a precautionary measure following the advice of our risk manager @Allezlabs, we have temporarily set the collateral factor of the following assets to 0: USDe, sUSDe, SolvBTC, xSolvBTC, USD1, XAUM
Venus Protocol Requires Users to Withdraw from vSXP Market by May 11 Deadline
Venus Protocol has issued an urgent notice requiring all users to withdraw their funds from the vSXP market before May 11, 2026. **Key Details:** - Action is mandatory for all vSXP market participants - Deadline: May 11, 2026 - Users must withdraw deposits to avoid potential issues The protocol has posted detailed instructions on their community forum for users to follow. No specific reason for the market closure has been provided in the available information. **What Users Need to Do:** Visit the [Venus community forum](https://community.venus.io/t/action-required-withdraw-from-the-vsxp-market-before-may-11-2026/5767) for complete withdrawal instructions and additional details about this requirement. Time-sensitive action required - users should not delay their withdrawals.
Venus Protocol Shutting Down vSXP Market Due to Oracle Issues
Venus Protocol is closing its vSXP market on **May 11** due to oracle pricing failures and low liquidity. **Key Details:** - The vSXP market will become unpriceable after the deadline - Users must close all positions before May 11 - Venus will not be responsible for funds left in the market after closure **Action Required:** All vSXP position holders should withdraw their funds immediately to avoid potential losses.
Venus Protocol Closes 5th Anniversary Quiz Contest with 500 USDT Prize Pool
Venus Protocol's **5th anniversary quiz contest** ends today, offering participants a final chance to compete for prizes. **Contest Details:** - 500 USDT total prize pool - Ten winners will share the rewards - Perfect scores required to qualify - Winners announced tomorrow Participants must submit all correct answers by the deadline to be eligible for the prize distribution.
Venus Protocol $40,000 WBNB Pool Incentive Program Ends Today
**Final opportunity** to participate in Venus Protocol's $40,000 incentive program for the $WBNB pool on Merkl. **Key requirements:** - Hold at least 50 $XVS tokens in your wallet - Supply or borrow in the $WBNB pool - Program ends today (November 29, 2025) **Benefits available:** - Boosted supply rates for lenders - Subsidized borrowing costs - Share of $40,000 total rewards The 5-day program launched on November 25 and provides incentives on both supply and borrow sides of the pool. [Access the program](https://app.merkl.xyz/?search=Venus) | [Venus WBNB Pool](https://app.venus.io/#/pool/0xfD36E2c2a6789Db23113685031d7F16329158384/market/0x6bCa74586218dB34cdB402295796b79663d816e9?chainId=56&tab=supply)
Venus Joins BNB Chain DeFi Festival with $1M Prize Pool
**Venus Protocol** has joined the BNB Chain DeFi festival alongside SolvProtocol and BounceBit. The collaboration features a **combined $1M prize pool** available through Binance Wallet. - Festival brings together major DeFi protocols on BNB Chain - Prize distribution details to be announced soon - Participants can access rewards via Binance Wallet More announcements expected on how users can claim their share of the substantial reward pool.