$27M Phished, Nearly All Returned: Venus Protocol’s Rapid Governance Saves Whale
- A whale @KuanSun1990 unknowingly approved a malicious tx, letting the attacker drain ~$27M in vUSDT & vUSDC.
- @VenusProtocol immediately paused the protocol and launched an emergency governance vote to force-liquidate the attacker’s positions, repay debts, and secure funds.
- Coordinated recovery: 5h repayment + 7h liquidation + 24h review → victim recovered nearly everything within a single day.
A rare DeFi exploit with a happy ending, while hacker losing ~$3M in costs.
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