The world of decentralized finance (DeFi) revolves around trust, security, and innovation. Recently, Venus Protocol—one of the leading multichain lending platforms with over $2.6 billion in Total Value Locked (TVL)—proved its resilience by recovering $13 million in stolen user funds after a cybersecurity breach. This remarkable achievement highlights the protocol’s robust security framework and commitment to user protection.
What Happened: The Phishing Attack
On September 2, 2025, a Venus Protocol user fell victim to a phishing attack. The attackers utilized a malicious Zoom client to gain unauthorized access to the victim’s device. Once inside, the hackers tricked the user into approving them as a trusted delegate within the Venus platform. This allowed them to borrow and redeem assets on behalf of the user, draining approximately $13 million in funds.
The stolen assets included major cryptocurrencies and stablecoins such as USDT, wBETH, FDUSD, USDC, and BTCB. The speed and sophistication of the attack could have been catastrophic, but Venus Protocol’s preemptive measures flipped the script.
Rapid Security Response
As soon as the suspicious activity came to light, Venus Protocol deployed its advanced security mechanisms. The team paused operations across its platform, a move aimed at preventing attackers from transferring the stolen funds. Additionally, they halted the “EXIT_MARKET” action, which prevented further tampering with collaterals used by the attacker.
Collaborating with top-tier security partners, Venus Protocol leveraged their custom-built liquidator to recover all stolen funds within just 13 hours. By swiftly mobilizing resources and ensuring data integrity, the platform restored full functionality without any disruption to other users.
Why Venus Protocol Stands Out
Launched in 2020, Venus Protocol has established itself as a beacon of security and innovation in DeFi. Operating across eight chains and maintaining its top-tier status among lending platforms, Venus has been audited by renowned security firms, including CertiK, PeckShield, and Quantstamp. This extensive security infrastructure and adherence to decentralized principles make it one of the most reliable names in the DeFi space.
Users seeking a secure environment for borrowing and lending can learn more about the platform through its official website or explore its ecosystem through the Venus App. With seamless operations and a proactive approach to cyber threats, Venus continues to be a preferred choice for DeFi enthusiasts.
Protect Yourself in DeFi
Phishing scams remain one of the leading threats to crypto users. Always verify URL links, avoid downloading untrusted software, and enable multi-factor authentication for an added layer of protection. Considering additional safety tools? Products like NordVPN offer excellent privacy and security options, ensuring your digital assets stay safe.
Follow Venus Protocol for the latest updates and security insights: Official Website | Discord
