Web3 attack incidents and security accidents

Venus Protocol announced on the X platform that, in light of the ongoing investigation into the abnormal activities in the THE fund pool, precautionary measures have been taken to immediately suspend all THE borrowing and withdrawals to prevent any further abuse. This measure will remain in effect until the investigation is concluded. All other markets are unaffected and will continue to operate normally.

Venus Protocol posted on platform X that there is unusual activity in the THE liquidity pool and is actively investigating. Currently, it seems that only the THE and CAKE markets are affected.

According to market news, the BNB Chain lending protocol Venus Protocol is suspected of experiencing a flash loan attack, leading to a large-scale liquidation of the related token THE. According to KOL 土澳大师兄, the attacker's wallet currently holds assets worth about 3.6 million USD, having obtained approximately 20 BTC, 1.5 million CAKE, and about 200 BNB.At the same time, the liquidation of THE is still ongoing, with approximately 42 million THE awaiting liquidation, valued at about 14 million USD.

IoTex has released an update on the recent hacker attack involving private key leaks on the X platform, stating that the team has controlled the related security incident. IoTeX Chain is currently reinforcing security, and it has been confirmed that the loss from this attack is approximately $2 million, involving assets such as USDC, USDT, IOTX, and WBTC.It is reported that this was a complex attack planned for a long time by professional attackers, targeting multiple blockchain networks. IoTeX is working closely with exchanges and law enforcement agencies to attempt to freeze the stolen funds and advance the investigation and recovery efforts. On-chain operations and deposit functions will be restored within 24-48 hours after the completion of security upgrades, and it has also promised to maintain transparency in disclosing progress going forward.

ChainCatcher news, Garden Finance has allegedly been hacked on multiple blockchains, with losses exceeding $5.5 million.The project team has offered a 10% white hat reward to the suspected attacker through on-chain messages, but no public statement has been made regarding this incident. All freezeable assets have been quickly exchanged. The attacker's address is 0x98BCc6c34A489CEfdD9DfA8d792CFEFb02Ea2D12. Ironically, just a few days ago, security researcher ZachBXT pointed out on social media X that Garden Finance has been ignoring requests from victims for refunds, and it is estimated that over 25% of Garden Finance's total activities are related to stolen funds, including the Bybit attack incident and stolen funds from platforms like Swissborg.