PANews reported on November 3 that Venus Protocol posted on the X platform: "Reports today indicate that Balancer has been hacked. As a precaution, Venus Protocol has set the loan-to-value (LTV) ratio on the BAL market on Ethereum to 0, suspending all new lending and borrowing using BAL as collateral until the system is confirmed to be stable. The liquidation threshold remains at 59%, so existing positions are unaffected. Users should still closely monitor their positions and health, and consider repaying loans or adding collateral to ensure security."PANews reported on November 3 that Venus Protocol posted on the X platform: "Reports today indicate that Balancer has been hacked. As a precaution, Venus Protocol has set the loan-to-value (LTV) ratio on the BAL market on Ethereum to 0, suspending all new lending and borrowing using BAL as collateral until the system is confirmed to be stable. The liquidation threshold remains at 59%, so existing positions are unaffected. Users should still closely monitor their positions and health, and consider repaying loans or adding collateral to ensure security."
Venus: Precautions have been taken in response to the Balancer attack incident until system stability is confirmed.
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PANews reported on November 3 that Venus Protocol posted on the X platform: "Reports today indicate that Balancer has been hacked. As a precaution, Venus Protocol has set the loan-to-value (LTV) ratio on the BAL market on Ethereum to 0, suspending all new lending and borrowing using BAL as collateral until the system is confirmed to be stable. The liquidation threshold remains at 59%, so existing positions are unaffected. Users should still closely monitor their positions and health, and consider repaying loans or adding collateral to ensure security."
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