Venus Protocol, a major loan platform on the BNB channel, said that it completely restored operations after having suspended withdrawals and liquidations on Tuesday in response to a suspected feat.
The protocol confirmed on Wednesday that lost funds had been recovered and that the break allowed the security teams to finish complete checks to ensure that its front was not compromised.
The incident, which comes from an update of a malicious contract which has drained around 27 million dollars, prompted Venus to stop key functions during the investigation.
Update: The Venus protocol was fully restored (withdrawal and liquidations taken up) at 9:58 pm UTC. ✅
The lost funds were recovered under the protection of Venus. ✅ https://t.co/y2uuwpqmtb
– Venus Protocol (@venueProtocol) September 2, 2025
Chain detectives had initially reported suspicious movements in the account of the main Pool of the platform, which seemed to transport user assets, notably VUSDC and Veth to the pirate portfolio.
Despite the platform insurance that funds are safe, the native token of Venus, XVS, remains down 2.69% in the last 24 hours, after a sale on Tuesday.
Venus said he would publish a complete post -dead post in due time while expressing his gratitude to the community to support for a “critical moment” on X.
He stressed that the break was “necessary not only to guarantee the sentences, but to carry out complete security checks”.
