After a phishing attack, Venus Protocol executed a prompt recovery action, returning 11.4 million USD to Kuan Sun through cooperative efforts with security teams. This incident reflects both the potential of DeFi for crisis management and the ongoing debate over decentralization versus control.
As of September 8, 2025, Venus (XVS) trades at 6.29 USD, with a market cap of 102.67 million USD. The community praised the emergency measures, and trading volume saw a significant rise, with assets fluctuating between 11.4 million USD and 13.5 million USD.
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