Analysis: Venus’ XVS token plunges 9% as exploit leaves protocol with bad debt
The exploit, which occurred on March 16, didn’t appear to impact XVS prices until analysis showed major holders moving large amounts to exchanges. The exploit,…
The exploit, which occurred on March 16, didn’t appear to impact XVS prices until analysis showed major holders moving large amounts to exchanges. The exploit, which occurred on March 16, didn’t appear to impact XVS prices until analysis showed major holders moving large amounts to exchanges. The Venus protocol was exploited on March 16, resulting in $2.15 million in bad debt and a 9% drop in the value of its governance token XVS. The attacker manipulated the THE token market, borrowed assets,…
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