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+--- Thread: Venus Protocol user suffers $13.5M loss from phishing attack (/showthread.php?tid=6307266)
Venus Protocol user suffers $13.5M loss from phishing attack - Stanley - Sep 2, 2025
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.
https://cointelegraph.com/news/defi-trader-loses-27m-phishing-scam-venus-protocol-pauses?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
RE: Venus Protocol user suffers $13.5M loss from phishing attack - JoseMar - Sep 2, 2025
(Sep 2, 2025 03:35 PM)Stanley Wrote: 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.
https://cointelegraph.com/news/defi-trader-loses-27m-phishing-scam-venus-protocol-pauses?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
So the protocol itself is fine, but the user got phished🙄. That's somehow even more brutal. You can have the most secure system in the world, and it just takes one tricky link. A $13.5 million mistake... wow.
RE: Venus Protocol user suffers $13.5M loss from phishing attack - sharn - Sep 14, 2025
Phishing attacks are becoming more sophisticated, making them harder to detect.
Users must remain cautious and skeptical of unexpected requests.
RE: Venus Protocol user suffers $13.5M loss from phishing attack - Yanix - Sep 15, 2025
Sad to see another huge phishing loss. Even solid platforms like Venus can’t protect you from social engineering
RE: Venus Protocol user suffers $13.5M loss from phishing attack - Chornaya Magiya - Sep 15, 2025
(Sep 14, 2025 10:55 AM)sharn Wrote: Phishing attacks are becoming more sophisticated, making them harder to detect.
Users must remain cautious and skeptical of unexpected requests.
Am confused how they pulled this off via phishing
RE: Venus Protocol user suffers $13.5M loss from phishing attack - Hackers - Sep 15, 2025
(Sep 15, 2025 03:03 PM)Chornaya Magiya Wrote: Am confused how they pulled this off via phishing
There are a number of ways, depending on the victim's setup.
Keep in mind that people are silly and re-use passwords or variations.
They could've phished him elsewhere, gained access to 2FA, got access to a holding contract, withdrawn funds, etc -- I don't know.
It sounds like that if it's "phishing" in the traditional way, there was 2FA or a convenience password (browser wallets for example) in use.
If it's a modern take on the word "phishing", then perhaps they tricked the victim into authorizing a transaction, or signing some sort of access / delegate address.
Really depends - I don't know enough but can think of how a cybercriminal could "phish" in the crypto space.