Venus Protocol Returns $11.4 Million Position to Kuan Sun

After a thorough due diligence process, Venus Protocol successfully returned $11.4 million worth of assets to phishing victim Kuan Sun, with full transparency through BscScan.

SUN

Summary

Venus Protocol has returned $11.4 million in assets to Kuan Sun, who was the victim of a phishing attack, following a swift response that included halting the protocol, liquidating the attacker’s wallet, and conducting a security audit. The transaction was made publicly available on BscScan.

Terms & Concepts
  • Venus Protocol: A decentralized finance (DeFi) platform on Binance Smart Chain that offers lending and borrowing services with crypto assets.
  • BscScan: A blockchain explorer for Binance Smart Chain, allowing users to view transactions, contracts, and wallet activities.