BNB Chain Exploiter Liquidated for $30M on Venus Protocol

“As market is very volatile, there is a potential risk that if liquidated, this large portion of BNB may cause more cascading liquidations effect and unnecessary damage to the market and cause more risks to Venus, Venus users, BNB token and BNB Chain,” Venus said in a since-passed proposal in November 2022, where BNB Chain was appointed as the sole liquidator of the BNB Chain exploiter address.

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• Source: https://www.coindesk.com/tech/2023/08/21/bnb-chain-exploiter-liquidated-for-30m-on-venus-protocol/?utm_medium=referral&utm_source=rss&utm_campaign=headlines