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Analysis: In 2025, Ethereum "sacrifices" over $100 million to subsidize ecosystem expansion
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Venus Protocol clarifies: There has been no breach attack incident, and the bad debts originated from Oracle Machine price errors.
Golden Finance reported that Venus Protocol stated on social media that there has been no vulnerability attack incident involving Venus Protocol. On October 10th, the market experienced significant fluctuations, resulting in bad debts. These bad debts were not caused by any attacks on smart contract vulnerabilities, but rather stemmed from deviations in the price reporting by oracles. The liquidation process of the Venus protocol was carried out as expected.