Venus Protocol hit by $3.7M in 'supply cap' attack
Venus Protocol experienced a significant security breach, resulting in a loss of $3.7 million due to a 'supply cap' attack. This incident involved an exploit that allowed attackers to manipulate the protocol's supply limits, leading to unauthorized withdrawals. The team has acknowledged the attack and is working on measures to enhance security and prevent future incidents. Users are advised to exercise caution and monitor their assets closely in the aftermath of the breach.
Read the full article: Coin Telegraph