The core team of BNB Chain initiated the "BNB Bridge Attacker Account Recovery" proposal in the Venus community

ChainCatcher news, the BNB Chain core team has released a proposal titled "BNB Bridge Attacker Account Remediation" in the Venus Protocol community on the BNB Chain lending protocol. This proposal aims to grant BNB Chain the discretion to seize the collateral of BNB Bridge developers and repay debts while avoiding any market liquidation of BNB.

It is reported that the proposal presents a plan to safely reduce the exploiters' debts and may address the shortfall in the Venus Protocol by utilizing the exploiters' funds. As of December 11, 2023, the attacker holds a balance of 630,240 BNB as supply, along with 58,440,000 USDT and 37,440,000 USDC as loans. To utilize the supply, the debts must first be repaid. To this end, a forced liquidation mechanism will be employed, with BNB Chain deciding whether to execute this operation. After liquidation, the full funds can be used to cover the protocol's funding gap.