Venus Protocol Suffers Fifth Exploit Since 2021, Ignored 2023 Audit Warning
Venus Protocol Suffers Fifth Exploit Since 2021, Ignored 2023 Audit Warning
馃毃 Fifth time unlucky
Venus Protocol experienced its fifth security incident since 2021, resulting in $2.15M in bad debt on March 15th.
Key Details:
- The exploit used an attack vector that was identified in a 2023 audit but never addressed
- Nexus Mutual does not list Venus Protocol for coverage, citing its five-year history of loss events
- This follows a previous incident in October 2025 involving bad debt from oracle price reporting issues during market volatility
The repeated security failures raise questions about protocol risk management and the importance of acting on audit findings. Users deployed in DeFi protocols should review their platform's security track record.
If you're deployed in a DeFi protocol right now, here's one thing worth checking: has it had multiple exploits? Venus Protocol has had five since 2021. March 15th used a vector flagged in a 2023 audit and ignored. $2.15M in bad debt this time. Nexus Mutual doesn't list Venus
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