Venus Protocol successfully recovered $13 million in stolen funds.

Recently, Venus Protocol encountered a phishing attack incident, resulting in a user losing approximately 13 million dollars. What surprised me is that the Venus team successfully recovered all the funds in just 13 hours.

As a member of the blockchain world, I have witnessed firsthand the handling process of this security incident. The Venus team responded quickly, immediately suspending the protocol's operation and forcibly liquidating the attacker’s wallet. This efficient crisis management capability is rare in the cryptocurrency field.

To be honest, most projects that are hacked usually find it very difficult to recover funds, especially in the decentralized finance space. However, the success case of Venus may offer some new ideas for security protection for the entire industry.

It is worth noting that the security audit confirms that the protocol itself was not affected, indicating that the problem lies at the user level rather than the protocol level. This serves as a reminder that even if the protocol is secure enough, user awareness of security remains crucial.

In the current situation of extreme market volatility, security issues should be given more attention. Especially against the backdrop of Bitcoin dropping below $110,000 and the overall market facing significant adjustments, similar security incidents could further undermine investor confidence.