Leaderboard
47All-time rank
VP
Venus Protocol
May 18, 2021
$100M
Lost
$100M
Recovered
$0
Net loss
$100M
Unrecovered0% recovered
An attacker manipulated XVS spot price via low liquidity on centralized exchanges, driving it from $70 to $143 and back to $76. Using inflated XVS collateral, they borrowed 2,000 BTC and 5,700 ETH.
Liquidations cascaded as borrowers defaulted, and Venus absorbed 100M+ USD in bad debt.
- Target
- DeFi
- Classification
- Oracle Manipulation
- Technique
- Spot Price Manipulation
- Attribution
- Unknown
- Chains
BSC
Event timeline
- May 18, 2021Exploit executed — $100M drained via spot price manipulation
- Attributed to Unknown
- Recovery status Unrecovered 0%