According to Mars Finance, Venus Protocol posted on the X platform stating: “Reports have indicated that Balancer has suffered a hacker attack. As a precaution, Venus Protocol has set the loan-to-value (LTV) ratio of the BAL market on Ethereum to 0 and suspended all new borrowing with BAL as collateral until the system is confirmed to be stable again. The liquidation threshold remains at 59%, so existing positions are not affected. Users still need to closely monitor their positions and health factors, and consider repaying loans or adding collateral to ensure safety.”
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Venus: Measures have been taken to prevent the Balancer attack incident until system stability is confirmed.
According to Mars Finance, Venus Protocol posted on the X platform stating: “Reports have indicated that Balancer has suffered a hacker attack. As a precaution, Venus Protocol has set the loan-to-value (LTV) ratio of the BAL market on Ethereum to 0 and suspended all new borrowing with BAL as collateral until the system is confirmed to be stable again. The liquidation threshold remains at 59%, so existing positions are not affected. Users still need to closely monitor their positions and health factors, and consider repaying loans or adding collateral to ensure safety.”