Venus Snatches Back $13M from Crypto Cat Burglar 🚀💰

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Oh, honey, grab your popcorn because this is a wild ride. On September 2, 2025, Venus Protocol had a little “oopsie” moment when a phishing attack drained a cool $13 million from some poor soul’s wallet. 🤑💔 Yes, you read that right. Someone clicked the wrong thing, and suddenly their crypto was living its best life in someone else’s pocket. Classic. 😬

According to Venus’s dramatic retelling on X (because who doesn’t love a good Twitter saga?), the victim accidentally approved a phishing request. 🤦‍♀️ And just like that, the attacker was in control, no private keys needed. They went full-on heist mode, redeeming and borrowing assets like it was Black Friday at a crypto mall. 🛍️💨

– Venus Protocol (@VenusProtocol) September 3, 2025

Here’s the kicker: the attacker started with a flash loan of 285.72 BTCB to settle the victim’s debt of 306.89 BTCB. Then, they used a phishing approval to vacuum up the victim’s deposits. We’re talking $19.8 million in USDT, 3,744 wBETH, 311,571 FDUSD, and over 15,000 USDC. Oh, and they borrowed another $7.14 million in USDC, using the victim’s BNB as collateral. But here’s the plot twist: BNB isn’t your average token, darling, and it threw a wrench in the whole operation. 🔧💥

The wallet went full-on chaotic neutral, leading to a partial liquidation of $2.66 million. Oops? Meanwhile, the victim was left with a mountain of debt and a sad pile of assets. 😢🗻

Pause, Drama, and Security Firms to the Rescue 🦸‍♀️

Enter Hexagate, Hypernative, and Peckshield, the DeFi Avengers, who spotted the shady activity and sounded the alarm. 🚨 Venus hit the emergency stop button, halting everything faster than you can say “crypto crisis.” The attacker? Stuck with their stolen goods, unable to move them. Checkmate. ♟️

Venus then did what any self-respecting protocol would do: they started a Telegram group with Peckshield and the victim. Because nothing says “we’ve got this” like a group chat. 💬 They also gave their frontend a full checkup to make sure no dApp was compromised. Spoiler: it wasn’t. 🙌

The Comeback Story We All Needed 🎉

Venus didn’t just sit there and cry into their blockchain. Oh no. They whipped up a custom liquidator contract recovery tool faster than you can say “refund, please.” This bad boy grabbed the stolen tokens, paid off the attacker’s debt, and tucked everything safely into a secure wallet. 💼🔒

They locked down the collateral, liquidated the attacker’s wallet, and recovered the funds in under 13 hours. Mic drop. 🎤✨ This isn’t just a recovery; it’s a masterclass in “how to handle a crypto disaster with style.” And let’s be real, the real lesson here? Phishing is the devil, not the protocol. 😈🚫

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2025-09-04 23:52