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A major account on Venus Protocol (0x56…2008) was likely compromised in a phishing attack involving over $27 million. The user granted approval to a malicious address, allowing the attacker to transfer funds. Venus Protocol confirmed awareness of the suspicious transaction, has paused operations, and is actively investigating the incident. The team promises updates as more information becomes available, highlighting the ongoing risks of wallet-level phishing and the importance of user vigilance in DeFi security.
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- Sohrab Khawas
Sohrab Khawas
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Sep 02, 2025 10:30 UTC
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Venus Crypto Pauses Operations After $27M Hack
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