Recap of the Venus attack: phished founder, liquidated thief
Author: Rekt News
Compiled by: Deep Tide TechFlow
Click here to lose $13 million.
A whale at Venus Protocol has just learned from the harrowing experience that Zoom calls can cost more than your mortgage.
A malicious video client, a perfectly timed signature, $13 million disappeared faster than the rug pull announcement.
But the twist in the story is that Venus didn't just watch users being hollowed out and then left indifferent.
They shut down their protocol, urgently called a vote, and completed the most controversial "rescue operation" in the DeFi space in less than 12 hours.
What started as a seemingly ordinary phishing attack eventually evolved into a great masterclass in whether decentralized protocols can "fish and bear".
When rescuing the whale means exposing a hidden kill...