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BNB Chain Exploiter Loses $63M on Venus Protocol to Liquidation Amid Market Crash

A crypto wallet connected to the October 2022 BNB Chain $600 million exploit has lost roughly $63 million on the decentralized lending platform Venus Protocol due to liquidation that resulted from the massive bloodbath in the market yesterday. According to a series of tweets by blockchain security firm PeckShield, the exploiter’s wallet was first liquidated of 1.1 million Venus BNB (vBNB) worth around $9.9 million with the asset’s price as $9.4. The second liquidation was approximately 5.6 million vBNB worth $52.3 million. During the 2022 BNB Chain hack, the attacker minted two million BNB tokens, using 900,000 to borrow roughly $150 million worth of Tether (USDT) and USDC.


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