Venus XVS

<ul><li>DeFi Venus Protocol suffered an issue on one of its oracles&#39; price feeds, resulting in borrowing around $270,000.</li><li>Venus assured that it was a small isolated incident and was investigated by Venus, BinanceOracle, and snBDB/Heli Teams.</li><li>The native token of Venus Protocol XVS fell from the price of $11.59 to $9.55 due to false reports.</li></ul><a href="https://cryptotale.org/floki-partners-with-venus-protocol-to-enhance-utility-value-of-floki-token/" rel="noopener noreferrer nofollow">Venus Protocol</a>, a lending platform on the BNB chain, responded to the rumors stating that the DeFi protocol has been exploited by confirming that one of its price feed oracles has been impacted. They claimed that the issue had been fixed, but as a precautionary measure, the snBNB market, along with two other markets, has been temporarily paused. SlowMist, a Blockchain security firm, has posted on X about Venus Protocol&#39;s possible exploit.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ffab800260494a0b8f03e23f864f425c.png" />Reports started coming in on December 10 about a malfunctioning price <a href="https://twitter.com/SaulCapital/status/1733851739302805528" rel="noopener noreferrer nofollow">oracle</a> for liquid-staked BNB on Venus Protocol. It responded to the issue by assuring its customers that it was an isolated incident and there was no issue with the Venus Core Pool or the native token. Venus Protocol ambassador <a href="https://twitter.com/NoOneVII/status/1733870352910917934" rel="noopener noreferrer nofollow">said</a>,Read full article at <a href="https://cryptotale.org/?p&#61;29563&amp;preview&#61;true&amp;_thumbnail_id&#61;29564" rel="noopener noreferrer nofollow">CryptoTale.</a>

XVS Price Falls Following Reports on a Vulnerability in Venus Protocol

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