Jun 25, 06:06 AM

Security Firms Dispute Reported $2 Million Venus Protocol Exploit on BNB Chain

Blockchain security firm GoPlus Security said it had detected a possible exploit on Binance’s BNB Chain that could have cost the money-market platform Venus Protocol roughly $2 million in vTokens, including vUSDT. The alert suggested the incident might be linked to maximal extractable value (MEV) strategies. Minutes later, rival monitors Phalcon and BlockSecTeam reviewed on-chain activity and said the attacks appeared to target unidentified contracts run by MEV bots rather than Venus Protocol itself. They confirmed a similar dollar loss but found no evidence that the Venus pools had been breached. The episode adds to a series of small-scale exploits on BNB Chain this month, underscoring ongoing vulnerabilities in DeFi markets even when headline figures are modest compared with past, nine-figure hacks.