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BTC $76,294.67 +1.49%
ETH $2,361.11 +0.92%
BNB $634.35 +0.74%
XRP $1.44 +0.27%
SOL $87.11 -0.68%
TRX $0.3278 +1.30%
DOGE $0.0965 -1.36%
ADA $0.2530 -0.85%
BCH $448.25 +0.10%
LINK $9.42 -0.75%
HYPE $44.53 +2.61%
AAVE $112.25 -2.38%
SUI $0.9764 -1.15%
XLM $0.1694 +1.15%
ZEC $326.62 -1.06%

Venus Protocol update tweet: BNB Chain will exclusively take over the positions of the BNB Bridge attacker

2023-06-12 15:20:15
Collection

ChainCatcher message, the lending protocol Venus Protocol on BNB Chain has deleted the previously published tweet regarding "if BNB reaches the liquidation threshold, the BNB Chain team will take over the BNB positions on Venus" and reissued the following statement:

"In November 2022, BNB Chain submitted a governance proposal approved by the community, where the BNB Chain core team would exclusively take over the positions of the BNB Bridge attackers, with the aim of ensuring the safety of these assets and preventing any further impacts and liquidation sell-offs. The whitelisted wallet initially held $30 million in USDT to ensure the prevention of losses on Venus and to provide additional support through this Venus governance approval mechanism." (source link)

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