Venus Protocol has resumed normal operations after a hack incident involving the theft of $27 million in digital assets. The incident was connected to a phishing scheme.
The Hack Incident
Venus Protocol had to suspend operations due to suspicious activity linked to a phishing scam. The platform was alerted by several cybersecurity firms regarding irregular transactions in its Core Pool Comptroller contract. Upon detection of these operations, an emergency vote was held to limit losses and ensure the safety of user assets.
Discussion of Recovery Measures
According to the plan announced by Venus Protocol, users were temporarily able to repay debts and supply funds, which helped protect their positions. The community voted on the recovery plans, with 100% of participants expressing agreement. The recovery process initiated partial restoration of operations within five hours, with full restoration scheduled up to 24 hours.
Plans for Future Actions
Venus Protocol has also planned to publish a full report on the incident after the investigation is complete. The team thanked users for their trust and patience during the service suspension. According to Chainalysis, phishing remains one of the most common threats in decentralized finance, accounting for almost 20% of the total $2.17 billion stolen in 2025.
The incident with Venus Protocol highlights the importance of security in decentralized finance and the necessity of protecting users from fraudulent schemes like phishing.
