X @Ignas | DeFi

This reminds me of Venus and the BNB Bridge hack liquidation in 2023.Lazarus hacked BNB Chain bridge for ~$560M in Oct 2022.They deposited 900K BNB collateral on Venus and borrowed $150M in stablecoins to later launder it.Aave/Compound etc need to adjust the oracle price to liquidate the hacker but Venus just waited for BNB to dump naturally until liquidation price reached.They waited for almost a year!Problem is that $150M liquidated organically by 'market' alone put FUD on BNB price so Venus whitelisted B ...