Sep 08, 202510337 Views
Sep 08, 2025
On September 8th, Venus Protocol, a decentralized lending protocol, tweeted that after conducting due diligence, the team has officially returned the $11.4 million position to the victim of the phishing incident, Kuan Sun (@KuanSun1990), at today's token price. Earlier reports indicated that Venus Protocol analyzed a phishing incident and stated that on September 2nd, user Kuan Sun suffered a phishing attack resulting in a loss of approximately $13 million. The Venus team was able to recover all funds within 13 hours by pausing the protocol, forcibly liquidating the attacker's wallet, and restoring normal protocol operation. A security audit confirmed that the protocol itself was not compromised.
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