Haciyev Reşit 
Shocking Development in Crypto: Popular DeFi protocol Venus suffered a hack worth approximately $30 million. The incident triggered widespread panic among investors and market participants.
Details of the Hack
Venus confirmed that millions of dollars in assets were stolen during the attack. It is estimated that the breach occurred within the protocol’s liquidity pools.
Experts indicate that such attacks stem from security vulnerabilities in DeFi platforms.
Market Reaction
Following the hack, Venus token ($XVS) experienced a sharp price drop. Analysts warn that volatility may continue in the short term and advise investors to exercise caution.
This incident once again highlights how critical security is on DeFi platforms. Investors should carefully review security measures and the protocol’s track record before depositing funds into liquidity pools.
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