Venus Protocol user suffers $13.5M loss from phishing attack

Venus Protocol paused the platform to conduct security reviews but said the $13.5 million loss was not linked to a flaw in its contracts.

Update Sept. 2, 11:57  am UTC. This article has been updated to include a correction from PeckShield.

A decentralized finance (DeFi) trader lost $13.5 million in crypto after falling victim to a phishing scam, according to blockchain security firm PeckShield. 

PeckShield initially reported on Tuesday that a user of the DeFi lending platform Venus Protocol saw crypto assets worth $27 million disappear in a phishing attack. 

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