X @Ignas | DeFi

Security Incident Analysis - Initial reports of a $40 million exploit on Venus may be inaccurate [1] - An AI analysis suggests the Venus protocol functioned as designed [1] - The incident appears to be an abuse of pre-approved permissions from a whale wallet [1] Attack Vector - The attacker repaid debt, unlocking collateral [1] - The attacker borrowed USDC to self [1] - The attacker redeemed vTokens to self, draining the wallet [1] Risk Management - Users should revoke approvals for all assets to mitigate similar risks [1] Technology Assessment - AI tools are capable of analyzing blockchain transactions and providing insights [1]