Crypto market observers are currently focusing on the Venus Protocol this week as the protocol grapples with a possible liquidation of binance coin (BNB). The hacker who exploited the BNB blockchain managed to secure $150 million in stablecoins through the use of Venus. If the price of BNB slips to $220 per unit, the position will be liquidated.
Crypto Community Focuses on Venus Protocol’s Role in BNB Liquidation Risk
The cryptocurrency community has been engaged in discussions about the Venus Protocol, a decentralized finance (defi) application for lenders and borrowers. Last year, during the attack on the BNB blockchain, a hacker managed to acquire $150 million in stablecoins from the Venus Protocol, utilizing 900,000 BNB.
The position is currently still active, but it is at risk of being liquidated, causing concerns about potential disruptions in the BNB ecosystem. To trigger the liquidation, BNB must drop below the $220 per unit threshold. Presently, BNB is being traded at prices
We współpracy z: https://news.bitcoin.com/potential-venus-protocol-liquidation-raises-concerns-in-bnb-community/
