Security Incidents

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Suspected hacker address responsible for CAKE and THE liquidation events, Venus incurs a $2.15 million shortfall

On March 15th, a suspected hacker address received 7,400 ETH from Tornado Cash, orchestrating liquidation events for CAKE and THE collateral that resulted in approximately $2.15 million in losses for Venus. The address manipulated THE price through complex operations, ultimately leading to the liquidation of its collateral on Venus, though substantial borrowed funds remain unpaid. Analysis suggests this event may have been a strategy employed to profit on a certain CEX.
CAKE6,12%
ETH2,69%
BNB1,75%
BTC1,53%
GateNews·4h ago

Venus Protocol Pauses THE Token Borrowing and Withdrawal Operations, Other Markets Operating Normally

Gate News reports that on March 15, Venus Protocol issued a security announcement stating that during the investigation of abnormal activity in the THE liquidity pool, preventive measures were taken to prevent further misuse, and all borrowing and withdrawal operations of THE tokens were immediately suspended. This measure will remain in effect until the investigation is concluded. Venus Protocol stated that other markets were unaffected and will continue to operate normally.
GateNews·5h ago

A certain CEX CEO clarifies wallet security incident: the risk originates from users' devices being compromised, not from vulnerabilities in the wallet itself.

Regarding the hacking incident at Wuhan Anxun Technology, a certain CEX CEO Star clarified that the incident was not due to wallet security vulnerabilities. The attackers controlled users' devices through trojan software to steal information. At the same time, he emphasized that users need to strengthen device security and avoid installing suspicious software.
GateNews·9h ago

China Internet Finance Association Releases OpenClaw Application Security Risk Alert

The China Internet Finance Association has issued a risk warning cautioning that the OpenClaw application is vulnerable to attacks due to high permissions and weak security configurations, which could lead to data theft and transaction manipulation. The association recommends that financial consumers use caution when using the application and take appropriate security measures, such as not granting operational permissions and monitoring for vulnerability fixes.
GateNews·14h ago