PANews reported on September 3rd that Venus Protocol, a lending protocol on BNB Chain, stated on the X platform that as of 05:58 Beijing time, Venus Protocol has been fully restored (with withdrawal and liquidation functions have been restarted); the lost funds have been recovered under the protection of Venus.

Yesterday, news broke that a Venus Protocol user on BNB Chain mistakenly approved a malicious transaction , granting token permissions and resulting in a loss of $27 million in digital assets. Venus Protocol clarified that it had not been attacked, subsequently suspended services , and initiated an emergency vote to forcibly liquidate the attacker's positions.