Venus Protocol User Loses $13.5M in Phishing Attack, Smart Contract Remains Secure

A Venus Protocol user has fallen victim to a suspected phishing scam on BNB Chain, losing $13.5 million.

🔑 Key Facts:

PeckShield reports the victim approved a malicious transaction, granting token approval to attacker wallet 0x7fd8…202a.

Initial loss estimates of $27M were revised down to $13.5M.

The stolen assets remain in the hacker’s wallet, not yet moved or cashed out.

Venus Protocol’s Response:
The protocol confirmed that its smart contract remains secure. The exploit was limited to an individual user attack. Venus temporarily paused operations under its security protocols and promised updates as the investigation continues.

📉 Following the news, XVS, Venus’ governance token, fell by 5% before recovering slightly to $6.01. Venus still boasts $1.86B TVL, making it a key player on BNB Chain, despite the incident.

Context:
BNB Chain has seen relatively few major hacks in recent months, but phishing attacks remain a persistent risk in DeFi. Users are urged to carefully verify all approvals before signing transactions.

👉 Do you think this will shake trust in Venus Protocol, or will confidence recover quickly?