Odaily Planet Daily reports that Venus Protocol posted on the X platform: "Reports today indicate that Balancer has been hacked. As a precaution, Venus Protocol has set the loan-to-value (LTV) ratio on the BAL market on Ethereum to 0 and suspended all new lending and borrowing using BAL as collateral until the system is confirmed to be stable. The liquidation threshold remains at 59%, so existing positions are unaffected. Users should still closely monitor their positions and health and consider repaying loans or adding collateral to ensure security."