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Venus Protocol: Binance oracle issue has been fixed, and other markets are operating normally except snBNB, agEUR and stkBNB

2023-12-11 00:00
Odaily News Venus Protocol issued a statement on the The isolated markets (agEUR, stkBNB) have been suspended. The Venus community will publish a proposal today to immediately inject a total of approximately $274,000 in liquidity from the treasury to the affected pools, and funds in the pools will be withdrawn with the support of partners. Other markets are still functioning well and unaffected. It is worth mentioning that the Binance Oracle team has discovered and fixed this issue and is currently deploying strict preventive temporary measures. According to previous news, on-chain data showed that a user deposited 0.5 BNB into Venus and then lent a series of assets, including stkBNB, ankrBNB, etc. The user exchanged them for 116.45 ETH assets and then transferred them to other accounts. Venus Protocol officials responded to the issue of Venus being attacked on Telegram: There is no problem with the core pool and XVS. The cause of the attack is a price failure in the Binance oracle, which involves the BNB price of a small independent pool. The snBNB team is handling it. Currently, this The cause of the issue has been identified and submitted to Binance Oracle.