The Venus Protocol, an important loan platform in the BNB chain, said it restored operations completely after suspending retreats and liquidations in response to a feat suspicion on Tuesday.
The protocol confirmed on Wednesday that the lost funds had been recovered and that the pause allowed the security teams to complete the complete controls to ensure that their front -end did not be compromised.
The incident, which arose from a malicious contract update that drained about $ 27 million, led Venus to stop the key functions while investigating.
Update: The Venus protocol has been completely restored (withdrawals and liquidations resumed) from 9:58 pm UTC. ✅
Lost funds have recovered under the protection of Venus. ✅ https://t.co/y2uwpqmtb
– Venus protocol (@venusprocol) September 2, 2025
The detectives in the chain had initially marked suspicious movements from the controller contract of the central pool of the platform, which seemed to enruate assets of users, including VUSDC and VETH to the hacker wallet.
Despite the tranquility of the platform that the funds are safe, the native token of Venus, XVS, remains under 2.69% in the last 24 hours, after a mass sale on Tuesday.
Venus said he will launch a complete autopsy of the incident in due time to the time that expresses his gratitude to the community for his support for a “critical moment” in X.
He stressed that the pause was “necessary not only to ensure Phished funds, but to carry out complete security controls.”
