{"id":80080,"date":"2023-06-12T15:29:04","date_gmt":"2023-06-12T12:29:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80080"},"modified":"2025-09-11T14:40:41","modified_gmt":"2025-09-11T11:40:41","slug":"bnb-chain-hackers-collateral-assets-near-liquidation-on-venus","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bnb-chain-hackers-collateral-assets-near-liquidation-on-venus\/","title":{"rendered":"BNB Chain hacker’s collateral assets near liquidation on Venus"},"content":{"rendered":"

A position of 924 830 BNB<\/a> (~$215 million) on Venus Protocol, owned by the hacker who breached the BNB Chain in October 2022, is on the verge of liquidation.\u00a0<\/p>\n

\\\"Screenshot_3-44\\\"
Hacker’s assets on Venus Protocol. Data: DeBank.<\/figcaption><\/figure>\n

Last year, as a result of the BSC Token Hub exploit, the attacker managed to carry out a double-spend attack<\/a>. He subsequently deposited the proceeds into the Venus lending protocol to open positions worth $147 million in USDT and USDC stablecoins.\u00a0\u00a0<\/p>\n

The developers had to halt the blockchain to fix the vulnerability and carry out a hard fork<\/a>. As a result, the hacker managed to withdraw the digital assets worth about $100 million; the rest of the funds were locked in the contract.\u00a0<\/p>\n

According to Venus Protocol, in November BNB Chain submitted a proposal to whitelist the hacker’s position for liquidation. The community approved the initiative by a majority.\u00a0<\/p>\n

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In November 2022, @BNBCHAIN<\/a> submitted a governance proposal which was passed by the community to whitelist liquidation of the BNB Bridge exploiter’s position exclusively to @BNBChain<\/a> core team for the purpose of securing the misappropriated assets and preventing any further\u2026<\/p>\n

\u2014 Venus Protocol (@VenusProtocol) June 12, 2023<\/a><\/p><\/blockquote>\n