BNB Chain prepares to take over exploiter’s position on Venus Protocol
June 12, 2023
Today, the Venus Protocol, a decentralized finance lending platform, announced that the team behind BNB Chain is ready to take over the position consisting of 900,000 BNB. This position was originally deposited by the attacker as collateral following a BNB Chain exploit last year, in order to borrow other assets on the platform. The position would be automatically liquidated if the price of BNB reached the $220 level, thus releasing the BNB tokens into the market.
