A crypto wallet connected to the October 2022 BNB Chain $600 million exploit has lost roughly $63 million on the decentralized lending platform Venus Protocol due to liquidation that resulted from the massive bloodbath in the market yesterday.
According to a series of tweets by blockchain security firm PeckShield, the exploiter’s wallet was first liquidated of 1.1 million Venus BNB (vBNB) worth around $9.9 million with the asset’s price as $9.4. The second liquidation was approximately 5.6 million vBNB worth $52.3 million.
BNB Chain Hacker’s Loan Position Liquidated
During the 2022 BNB Chain hack, the attacker minted two million BNB tokens, using 900,000 to borrow roughly $150 million worth of Tether (USDT) and USD Coin (USDC) against Venus. As BNB’s price continued to decline over the past few months, the loan’s health rate deteriorated and raised concerns about cascading effects of the BNB Chain upon liquidation.
To contain the situation, BNB Chain and Venus passed a propos
We współpracy z: https://cryptopotato.com/bnb-chain-exploiter-loses-63m-on-venus-protocol-to-liquidation-amid-market-crash/
