Category: Venus Protocol

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Binance Coin Falls Below $210 As BNB Bridge Hacker’s Health Rate Sinks To 0.99

August 21, 2023

In a complex tangle of smart contracts, governance proposals, and fluctuating crypto prices, the financial health rate of the infamous Binance BNB Bridge exploiter address (0x48…9bec) has fallen below the critical value of 1, hovering at 0.99. This development is of particular interest, given that the address holds a significant collateral of 784,616.10 BNB and…
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Potential Venus Protocol Liquidation Raises Concerns in BNB Community

June 12, 2023

Crypto market observers are currently focusing on the Venus Protocol this week as the protocol grapples with a possible liquidation of binance coin (BNB). The hacker who exploited the BNB blockchain managed to secure $150 million in stablecoins through the use of Venus. If the price of BNB slips to $220 per unit, the position…
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