Venus Risk Partner Releases Full Analysis of $THE Incident
Venus Risk Partner Releases Full Analysis of $THE Incident
馃攳 Venus $THE Breakdown
Venus Protocol's risk partner Allez Labs has published a comprehensive analysis of the recent $THE incident that affected the platform.
The analysis provides a complete picture of what transpired during the incident. This follows initial updates shared by the risk manager as the investigation was underway.
Key Points:
- Full incident analysis now available from Allez Labs
- Follows ongoing investigation that began earlier in March
- Provides detailed breakdown of the $THE-related event
The report represents the culmination of the risk team's investigation into the incident affecting Venus Protocol's money market operations.
Our risk manager @AllezLabs shares what we know so far. We will continue to provide updates as our investigation progresses.
馃毃 Earlier today, Venus Protocol's Core Pool on BNBChain was targeted by a supply cap manipulation attack. $THE asset borrows & withdrawals have been paused. In an abundance of caution, markets with high liquidity concentration have also been paused: $BCH, $LTC, $UNI, $AAVE,
Our risk manager @AllezLabs shares what we know so far. We will continue to provide updates as our investigation progresses.
馃毃 Earlier today, Venus Protocol's Core Pool on BNBChain was targeted by a supply cap manipulation attack. $THE asset borrows & withdrawals have been paused. In an abundance of caution, markets with high liquidity concentration have also been paused: $BCH, $LTC, $UNI, $AAVE,
Our risk partner @AllezLabs has shared their analysis of the recent $THE incident on Venus. Read here for the full picture.
We've published the post-mortem on the March 15 THE market incident on @VenusProtocol. ~$2.15M in bad debt, isolated to THE and CAKE markets. No smart contract compromise. Here is the full breakdown: preparation, attack mechanics, root cause, and remediation 馃У
Our risk partner @AllezLabs has shared their analysis of the recent $THE incident on Venus. Read here for the full picture.
We've published the post-mortem on the March 15 THE market incident on @VenusProtocol. ~$2.15M in bad debt, isolated to THE and CAKE markets. No smart contract compromise. Here is the full breakdown: preparation, attack mechanics, root cause, and remediation 馃У
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