BNB Chain takes over the 150 million dollar position of the Venus protocol, since the loan of the liquidation threshold approaches

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Von Krypto News Österreich

Die BNB Chain Das Kernteam ist bereit, einen großen Teil von Binance zu übernehmen Coin (BNB)-Darlehensposition der dezentralen Kreditplattform Venus Protocol, da sie sich ihrer Liquidationsschwelle nähert. Das BNB-Darlehen in Höhe von 150 Millionen US-Dollar gehörte einem Hacker, der eine kettenübergreifende Infrastruktur auf der BNB ausnutzte Chain im Oktober 2022, was zum Verlust von mehr als 100 Millionen US-Dollar an Krypto-Assets führte. BNB Chain Übernahme der 150-Millionen-Dollar-Darlehensposition von Venus Nach an die BNB Chain Team, 30 Millionen US-Dollar in Tether (USDT) wurden an die Wallet auf der Whitelist geschickt, die ausschließlich zur Umsetzung der Liquidation berechtigt ist, um einen Defizit …
The BNB Chain The core team is ready to adopt a large part of Binance Coin (BNB)-loan position of the decentralized credit platform Venus Protocol because it approaches its liquidation threshold. The BNB loan of $ 150 million belonged to a hacker who was used by a cross-chain infrastructure on BNB in ​​October 2022, which led to the loss of more than $ 100 million of crypto-assets. BNB Chain Takeover of the 150-million dollar daily position from Venus to the BNB Chain Team, $ 30 million in Tether (USDT) were sent to the wallet on the whitelist, which is only entitled to implement the liquidation to a deficit ... (Symbolbild/KNAT)

The BNB Chain The core team is ready to adopt a large part of Binance Coin (BNB)-loan position of the decentralized loan platform Venus Protocol because it approaches its liquidation threshold.

The BNB loan of $ 150 million belonged to a hacker who was used by a cross-chain infrastructure on BNB in ​​October 2022, which led to the loss of more than $ 100 million on crypto-assets.

BNB Chain Takeover of the $ 150 million loan position from Venus

With the stolen BNB, the exploider's USDT and USD worth $ 150 million Coin (USDC) and uses a 900,000 BNB position compared to Venus. Although the BNB Chain temporarily paused the bridge and finally resumed the company, the position remained and the loan is still active.

In November, the duo said goodbye to only give the core team the permission to resolve the position in order to alleviate the effects on the wider market in the event of such a situation. Due to the deteriorating creditworthiness and the possibility of a further decline in the BNB price, the wallet on the whitelist started preparing the position.

"The wallet on the whitelist was originally financed with $ 30 million in USDT, with the assurance of preventing deficits in Venus and offering additional support by this mechanism approved by the Venus Governance," said the Venus team called .

cascade effects prevent

The handling of the loan without the wallet on the whitelist can have cascading effects on the BNB, Chain and the market, Venus, its users and BNB token have unnecessary damage, which has already decreased significantly since the legal steps of the US stock exchange supervisory authority SEC against the Krypto exchange.

It is worth noting that the BNB Chain carried out the team after the hack a hard fork to secure the bridge between the BNB Beacon CHAIN ​​and BNB Smart Chain.

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