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Threats and Security in DeFi: Venus Protocol Under Suspicion

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by Giorgi Kostiuk

6 hours ago


On June 25, 2025, GoPlus announced a potential attack on Venus Protocol, claiming a loss of $2 million due to vulnerabilities. This news raised significant concerns within the DeFi community.

GoPlus Loss Warning

GoPlus issued a warning about a possible attack concerning Venus Protocol on June 25, 2025. The alert claimed that around $2 million in vTokens, primarily vUSDT, could be compromised due to identified vulnerabilities related to MEV and permission management.

Rebuttal and Lack of Evidence

However, GoPlus later retracted this statement, asserting that there was no evidence linking the affected contracts to Venus Protocol systems. "No current evidence linking the affected contract to Venus Protocol." Despite initial concerns, **no evidence was found to support any losses from Venus directly attributable to these vulnerabilities.**

Community and Market: Reaction to the Threat

Community reactions varied, with many calling for enhanced security scrutiny. The absence of significant statements from key figures like Venus Protocol founders or BNB Chain developers left the community seeking clarity. "No official statements or reactive governance proposals published in response to this specific incident found on primary communication channels as of this update." This discrepancy highlighted the critical role of clear communication in maintaining trust in DeFi systems.

The situation surrounding the GoPlus warning illustrates the importance of transparency and robust security measures within DeFi ecosystems. Understanding historical trends and technological aspects will be essential for managing future risks and sustaining user trust.

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