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Keyword: venusprotocol

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  • Collapse of Luna cryptocurrency leads to $11 million exploit on Venus Protocol

    05/25/2022 9:00:54 AM PDT · by SunkenCiv · 35 replies
    The Record ^ | May 13, 2022 | Jonathan Greig
    Venus Protocol, a decentralized money market, announced on Thursday evening that about $11 million had been lost due to people exploiting the historic collapse of the Luna cryptocurrency and its sister stablecoin UST. The team behind the Venus Protocol released a statement confirming suspicions that had been floating around for hours about the potential mishandling of the fiasco around Luna. “Today, we became aware of errant price behavior for LUNA on Venus Protocol. Upon investigation, it was learned that the price feed had been paused by Chainlink due to extreme market conditions,” Venus Protocol explained... Venus Protocol and several other...