Lending

Lending protocols form the backbone of the decentralized money market, allowing users to lend or borrow digital assets without intermediaries. Using smart contracts, platforms like Aave and Morpho automate interest rates based on supply and demand while requiring over-collateralization for security. The 2026 lending landscape features advanced permissionless vaults and institutional-grade credit lines. This tag covers the evolution of capital efficiency, liquidations, and the integration of diverse collateral types, including LSTs and tokenized RWAs.

14177 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
Dogecoin Price Eyes Rebound, How High Can It Soar?

Dogecoin Price Eyes Rebound, How High Can It Soar?

The post Dogecoin Price Eyes Rebound, How High Can It Soar? appeared on BitcoinEthereumNews.com. Key Notes Dogecoin price has found a critical support level at $0.205 amid price drawdowns. It is now trading at $0.2127, after a failed attempt to test upper levels last week. For now, the market is finding it difficult to sustain momentum amid shifts in market trends. Canine-themed meme coin Dogecoin DOGE $0.21 24h volatility: 3.5% Market cap: $31.37 B Vol. 24h: $2.13 B is currently at a point where it either bounces to around $0.242 or goes below $0.205, which is its critical support level now. The coin had attempted to push to a higher level last week but encountered some resistance along the way. Since that time, DOGE has been struggling to make a comeback. The Dogecoin Price Outlook At the time of writing, DOGE is trading at $0.2127, with a 1.7% decline over the last 24 hours. Notably, its 24-hour trading volume is pegged at $2.07 billion. This was after a failed attempt to test the upper levels the previous week. The price pulled back significantly and is now right in the middle of a tight range, with the weekly and monthly numbers showing a slight gain. As a result, traders are on the lookout for a key support level that could anchor the coin’s next big move, or bear trend. The market is quite cautious because DOGE is in a consolidation zone. It could remain so for as long as either bulls or bears take control. Meanwhile, DOGE futures volumes recently jumped 119% to $5.36 billion, while open interest fell 4.7% to $3.24 billion According to BitGuru on X and other market watchers, DOGE has settled near $0.210 after facing repeated rejection. The coin encountered rejection at $0.242, and this is not the first time that this level has acted as resistance. Looking at the current price…

Author: BitcoinEthereumNews
Best Cryptocurrency Coin to Buy Before 2026? Analysts Highlight a DeFi Crypto Aiming for $5 Clean Target

Best Cryptocurrency Coin to Buy Before 2026? Analysts Highlight a DeFi Crypto Aiming for $5 Clean Target

The post Best Cryptocurrency Coin to Buy Before 2026? Analysts Highlight a DeFi Crypto Aiming for $5 Clean Target appeared first on Coinpedia Fintech News Long-term crypto allocators are increasingly eyeing multi-100x opportunities, but seasoned analysts stress that sustainable growth comes from product-led platforms rather than pure speculation. Mutuum Finance (MUTM) has emerged as a standout DeFi project, with a structured roadmap, risk management, and utility-driven tokenomics. Analysts are highlighting a path to $5, and the reasoning is stacked across …

Author: CoinPedia
XRP Price Prediction, Pi Network Latest News and The Best Crypto Presale In 2025 Soars Towards $2.5M Raised

XRP Price Prediction, Pi Network Latest News and The Best Crypto Presale In 2025 Soars Towards $2.5M Raised

XRP fights legal pressure, Pi faces token unlock risks, but Layer Brett’s $0.0053 presale has raised $2.5M+ with L2 speed and staking rewards fueling hype.

Author: Blockchainreporter
BNB Chain-Based Venus Protocol Drained of $27M on Suspected Contract Compromise

BNB Chain-Based Venus Protocol Drained of $27M on Suspected Contract Compromise

The post BNB Chain-Based Venus Protocol Drained of $27M on Suspected Contract Compromise appeared on BitcoinEthereumNews.com. Venus Protocol, one of the largest lending platforms on the BNB Chain, was hit by a suspected exploit on Tuesday with attackers seemingly draining an estimated $27 million worth of assets. On-chain sleuths said they suspect the protocol’s Core Pool Comptroller contract was updated to a malicious address, which then siphoned off tokens including vUSDC and vETH. Security teams are tracking the stolen assets and the Venus community has yet to issue an official statement. The funds remain in the attacker’s contract and have not yet been swapped, leaving open questions about whether the exploit will evolve into a full-scale cash-out. Venus functions as a money market on the BNB Chain, allowing users to deposit assets such as stablecoins and major tokens to earn interest, while borrowers post collateral to take out loans. Its native token, XVS, plays a role in governance and protocol incentives. At its peak, Venus held over $7 billion in assets, making it a core part of BNB Chain’s DeFi ecosystem. (This is a developing story.) Source: https://www.coindesk.com/tech/2025/09/02/bnb-chain-based-venus-protocol-drained-of-usd27m-on-suspected-contract-compromise

Author: BitcoinEthereumNews
Michael Arrington: Insights Into Tech and Investment

Michael Arrington: Insights Into Tech and Investment

Michael Arrington is best known as the founder of TechCrunch, a popular blog that covered startups and technology news. He quickly gained attention for his early coverage of tech startups and became an important voice in Silicon Valley. His work with TechCrunch helped launch many companies into the spotlight.Arrington is also a serial entrepreneur and a venture investor. He has backed companies like Uber, Airbnb, and Pinterest through his involvement with CrunchFund and Arrington XRP Capital. His career moves from law to blogging to investing show a unique blend of tech insight and business strategy, making him someone worth knowing in the world of technology and startups.Who Is Michael Arrington?Michael Arrington is known as a key figure in the technology world, especially for his work in startups, blogging, and venture capital. He helped shape the way technology news is reported and invested in some of the most recognized tech companies.Background and Early LifeMichael Arrington was born on March 13, 1970, in Orange County, California. He spent his early years living in both California and England, which gave him a broad view of the world at a young age.He graduated from Claremont McKenna College with a degree in economics in 1992. Afterwards, he went to Stanford Law School, earning his law degree in 1993. He worked as a corporate and securities lawyer before shifting his interests to the business and tech world.Core AchievementsMichael Arrington is the founder of TechCrunch, one of the most popular technology blogs covering Silicon Valley startups, new technologies, and the business side of tech. He launched TechCrunch in 2005 and quickly grew it into a major news platform.His work with TechCrunch led to its successful sale to AOL. After leaving TechCrunch, Arrington co-founded CrunchFund, which is a venture capital firm that supports early-stage tech companies.He also founded Arrington XRP Capital, a fund focused on blockchain technology. Arrington was one of the first to use cryptocurrencies like XRP for venture capital investments. His investment track record includes early stakes in Uber, Airbnb, and Pinterest.Influence in TechnologyArrington’s work had a large impact on the tech startup ecosystem. Through TechCrunch, he gave early attention to new startups, which helped many gain attention and funding. His writing style and coverage became the standard for tech journalism.His influence goes beyond media. Arrington’s venture funds provided money to startups that later became famous companies. This made him a well-known name in both startup circles and among investors.Arrington has been recognized by major publications. For example, Time Magazine named him to the ”World’s 100 Most Influential People” list, due to his broad impact on technology news and venture capital.TechCrunch and Media LeadershipMichael Arrington changed how people learn about technology startups by founding TechCrunch. His leadership helped shape online tech journalism and brought attention to up-and-coming companies. Founding TechCrunchIn 2005, Michael Arrington founded TechCrunch as a blog to cover technology startups and news. The site started with a focus on profiling young tech companies and highlighting their innovations.TechCrunch quickly became a trusted source for startup news, attracting readers from the tech industry, entrepreneurs, and investors. Arrington wrote many of the early articles himself, often sharing uncensored opinions and inside stories.The straightforward format and focus on new companies filled a gap in traditional media coverage. As the site grew, it also started hosting events like Disrupt, where startups could pitch ideas and connect with investors. This community involvement turned TechCrunch into more than just a news blog.AOL AcquisitionIn 2010, AOL purchased TechCrunch for about $25 million. This sale marked the transition of TechCrunch from an independent startup to a part of a larger media company.Arrington stayed on after the acquisition, but his role became less defined as AOL took more control. The deal raised questions about editorial independence and the future direction of the site. Some staff members worried that joining a large corporation could change what made TechCrunch unique.On the other hand, the sale to AOL gave TechCrunch new resources and a larger audience. AOL also expanded the brand by supporting international growth and new features. However, the transition period included leadership changes and discussions about keeping the original vision of the site.Transition to Venture CapitalMichael Arrington moved from technology journalism to investing in startups, drawing on his experience in the tech world. He played a key part in launching new venture funds and data platforms focused on supporting innovative companies.Creation of CrunchFundArrington founded CrunchFund after leaving TechCrunch. This venture fund was designed to back early-stage startups, particularly in the technology sector.Some high-profile investments made by CrunchFund include Uber, Airbnb, and Pinterest. The fund worked closely with entrepreneurs, using Arrington’s network and insight to identify promising opportunities.CrunchFund set itself apart by keeping its focus on new tech companies. It helped startups grow by providing not just money, but also expert guidance and industry connections.The fund’s approach matched Arrington’s background in media and startups. Its investment choices reflected a focus on disruption and growth in tech industries.Crunchbase InitiativesWhile at TechCrunch, Arrington launched Crunchbase as a comprehensive database for tracking startups and investors. Crunchbase made it easier for users to discover information about companies, investments, and industry trends.The platform quickly became an important tool for entrepreneurs, investors, and journalists. It offered free and paid features, supporting both basic research and deeper analysis.Crunchbase gathered data on thousands of startups and venture funds. This allowed users to track funding rounds, company founders, and market activity in real time.Arrington’s efforts helped establish Crunchbase as a valuable resource in the venture capital community. The platform encouraged transparency and networking across the industry.Arrington XRP Capital and Crypto InvestmentsArrington XRP Capital is a crypto-focused hedge fund started by Michael Arrington. The fund stands out for using XRP as its base currency and invests broadly across blockchain technology and digital assets.Establishing Arrington XRP CapitalMichael Arrington founded Arrington XRP Capital in 2017. The hedge fund launched with an initial $100 million and is one of the first funds to be fully denominated in XRP rather than traditional fiat currencies.This approach makes it easier for investors already holding cryptocurrency to participate. The fund is based in Seattle, Washington and led by a team that has experience across technology and finance.Key facts:Founded: 2017Base currency: XRPFounder: Michael ArringtonInitial size: $100 millionMany early investors in the fund have backgrounds in crypto, tech startups, or fintech sectors. Arrington XRP Capital’s presence marked a significant step in connecting traditional hedge fund models with digital assets.Focus on Blockchain TechnologyArrington XRP Capital invests in a wide range of blockchain projects. Their focus is not limited to cryptocurrencies like Bitcoin and Ethereum, but extends to emerging blockchain-based businesses and protocols.The fund targets early-stage ventures, seed rounds, and initial coin offerings (ICOs). They look for startups developing solutions for finance, payments, and decentralized applications. The fund often supports projects that address key fintech challenges using blockchain.Arrington XRP Capital’s portfolio includes investments in both established and up-and-coming blockchain teams. By backing blockchain infrastructure, crypto exchanges, and DeFi platforms, the fund helps foster the growth of the broader digital asset ecosystem.Main investment areas include:Blockchain payments and remittanceCrypto infrastructure servicesDecentralized finance (DeFi)Early-stage fintech innovationCryptocurrency Hedge Fund ModelArrington XRP Capital uses a hedge fund structure but manages assets using digital currencies. This means investments are bought, held, and settled in cryptocurrencies, with a focus on XRP, Bitcoin (BTC), and Ethereum (ETH).The fund participates in spot markets for major cryptocurrencies and takes positions in smaller coins when there is strong potential. It also allocates capital to private equity, ICOs, and token sales when opportunities arise.Using XRP as the fund’s base currency is a defining feature. This reduces friction for crypto-native investors and allows for faster transactions. The model reflects changing attitudes in the investment world as traditional finance incorporates digital assets and blockchain-based models.Arrington XRP Capital demonstrates how hedge funds can operate in the evolving fintech landscape using cryptocurrencies as both investment vehicles and operational currencies.Notable Investments and Portfolio HighlightsMichael Arrington is recognized for his influential role in technology investing. He has backed several major tech companies and played an important part in the growth of startup ecosystems, especially through his work in digital assets and venture capital.Major Tech Company InvestmentsArrington’s venture investments include early stakes in Uber, Airbnb, and Pinterest. These companies have grown into industry leaders, making his investments highly significant. Arrington’s vision in supporting such startups early has helped cement his reputation within venture capital circles.He also co-founded CrunchFund after selling TechCrunch. This fund broadened his reach, allowing him to invest in a wider range of promising startups. His portfolio spans sectors from ride-sharing and hospitality to online content and social platforms.The returns from these investments not only affirmed his investing skills but also gave him the ability to support even more startups over time. His focus has consistently been on disruptive companies with the potential to redefine entire industries.Support for Startup EcosystemsBeyond funding big tech names, Arrington has championed growth in the startup world through his leadership at Arrington XRP Capital (also known as Arrington Capital). This venture firm primarily invests in blockchain and digital asset markets. Since founding it in 2017, Arrington has backed hundreds of startups globally, offering both capital and mentorship.Arrington XRP Capital’s investments include companies such as Arweave, BlockFi, SKALE Labs, and CasperLabs.Perspective on Blockchain and CryptocurrencyMichael Arrington has spent years in cryptocurrency and blockchain technology. His work spans investing, building funds, and influencing trends in fintech, digital assets, and new financial systems.Views on Blockchain AdoptionArrington sees blockchain technology as a key driver of change in finance, healthcare, and identity management. He believes public blockchains make transactions more transparent and efficient.He often points to Bitcoin and Ethereum as valuable experiments that prove blockchain’s value beyond digital cash. Arrington’s focus on XRP comes from its use in fast, cross-border payments.He thinks companies need to do more than just adopt blockchain in name. Actual use cases, such as remittances and supply chain tracking, matter most. He also stresses that public awareness is critical. New users need education, not just technology, to speed up adoption in fintech.Stance on Crypto LendingArrington has watched crypto lending grow as more people borrow and lend digital assets. He cautions against ignoring the risks. Price swings in assets like Bitcoin and Ethereum can hurt both lenders and borrowers.He advises investors and platforms to have strong risk controls. He thinks regulation can help protect users but warns it should not slow down innovation. He points out the need for clear transparency on how loans are secured and managed.Arrington sees lending and borrowing as good for the market when done right, bringing more liquidity and giving investors flexible options with cryptocurrencies like XRP and ETH.Frequently Asked QuestionsWhat is Michael Arrington's role in the foundation of TechCrunch?Michael Arrington founded TechCrunch in 2005. He started the site to cover startups and new technology products at a time when tech blogs were still rare. He built TechCrunch into one of the most popular tech news websites.How has Michael Arrington impacted the venture capital industry?Arrington became a venture capitalist after his success with TechCrunch. He launched Arrington XRP Capital and has invested in a range of startups. His early interest in cryptocurrency and his network in Silicon Valley gave him a strong reputation in venture funding.What are some of the notable investments made by Michael Arrington?Some of Arrington’s most well-known investments are in companies like Uber and Pinterest. He has also invested in Ripple and other cryptocurrency projects. His fund looks at both traditional tech startups and companies focused on blockchain.What controversies has Michael Arrington been involved in?Arrington has faced criticism for some of his blog posts and business tactics. Allegations of personal misconduct became public but did not lead to criminal charges. The controversies led him to step back at times from public roles.How did Michael Arrington contribute to the development of CrunchBase?He created CrunchBase as a database for startups, investors, and funding rounds as part of TechCrunch. It became a widely used tool in the tech industry for tracking companies and investment activity.

Author: Coinstats
Venus Protocol User Loses $27M in Phishing Attack, Platform Pauses Operations

Venus Protocol User Loses $27M in Phishing Attack, Platform Pauses Operations

The post Venus Protocol User Loses $27M in Phishing Attack, Platform Pauses Operations appeared first on Coinpedia Fintech News DeFi platforms are under increasing pressure as hackers find new ways to exploit vulnerabilities. Recent incidents have sent shockwaves through the crypto community, raising concerns about security and user safety. Venus Protocol Account Loses $27M A major account on the Venus Protocol, a leading lending platform on the BNB Chain, was compromised, losing about $27 …

Author: CoinPedia
VivoPower Partners with Doppler Finance for $200M XRP Treasury Yield Program

VivoPower Partners with Doppler Finance for $200M XRP Treasury Yield Program

TLDR VivoPower allocates $30M to Doppler Finance’s XRP yield program, starting a $200M total treasury deployment. The $30M is part of a planned $200M XRP treasury to boost yield with qualified custody and reserves. Doppler Finance provides an institutional-grade platform for XRP yields with segregation and real-time reserves. VivoPower targets South Korea’s growing XRP ecosystem [...] The post VivoPower Partners with Doppler Finance for $200M XRP Treasury Yield Program appeared first on CoinCentral.

Author: Coincentral
What Is Staking in Crypto? 7 Trusted Staking Cloud Mining Sites to Help Beginners Start Their Cryptocurrency Staking Journey

What Is Staking in Crypto? 7 Trusted Staking Cloud Mining Sites to Help Beginners Start Their Cryptocurrency Staking Journey

The crypto industry has grown far beyond just Bitcoin mining. In 2025, staking has become one of the most popular ways for investors to earn passive income.

Author: Cryptodaily
Top Crypto Sectors Poised for Growth in 2026: From RWAs to ZK-Tech

Top Crypto Sectors Poised for Growth in 2026: From RWAs to ZK-Tech

Crypto never stands still. By 2026, several sectors will shift from experiments into broader adoption, pushed by regulation and new tech. The industry is maturing yet stays unpredictable. The key is to focus on areas already gaining traction, and how they are explained in media through native ad formats that make complex topics clear.Real World Assets (RWAs)Tokenization of real-world assets is no longer just hype. Banks, funds, and even governments are now experimenting with tokenizing bonds, real estate, and commodities. The reason is simple: tokenization cuts friction and opens global access.A few examples show why RWAs are moving fast:Treasury bills on-chain attract billions because of yield and safety.Property-backed tokens make investing in real estate easier for retail investors.Gold and other commodities are finding digital wrappers that simplify settlement.The main appeal here is liquidity. Eligible investors can access on-chain funds backed by U.S. Treasuries via KYC platforms; availability depends on jurisdiction. For institutions, RWAs bring programmable settlement and reduced costs. The challenge will be regulation, but the momentum is strong. Projects like polygon.technology and maple.finance are among those building in this space.Stablecoins EvolvingStablecoins dominate trading pairs and on-chain liquidity; payments usage is growing but still smaller than trading flows. By 2026, the sector is set to evolve further. Projects are moving beyond dollar pegs into multi-currency models and yield-bearing formats.Key developments include:Expansion of euro- and yen-backed stablecoins for regional markets.Wider use of on-chain treasury-backed stablecoins that generate returns.Growth of payment-focused stablecoins embedded directly into apps.In the EU, MiCA rules for euro-stablecoins apply since June 2024; in the US, the GENIUS Act passed in July 2025 sets a federal framework for payment stablecoins. These shifts could reduce reliance on a single currency, making stablecoins more resilient. At the same time, central banks are watching closely, since stablecoins overlap with their own CBDC plans.Layer 2 Scaling and ZK-TechEthereum scaling remains a central issue. Rollups and sidechains have taken pressure off mainnet, but by 2026 the spotlight will be on ZK technology. Zero-knowledge proofs (ZKPs) are moving from research labs to real-world usage, powering faster and cheaper transactions.Why ZK-tech matters:It enables privacy while keeping systems auditable.Verification is succinct and fast, which cuts costs and speeds up settlement.Interoperability between chains improves through ZK-bridges.Many teams now experiment with ZK-EVMs, aiming for full compatibility with existing smart contracts. This reduces barriers for developers and speeds up adoption. The tech still faces complexity, but progress has been fast enough to expect real impact by 2026.DeFi Protocols Getting MatureDeFi had its chaotic phase with yield farms and unsustainable tokenomics. Now protocols are shifting toward real revenue models. Insurance, lending backed by RWAs, and decentralized exchanges with stronger governance are standing out.What makes this stage different:Protocols run more like fintech startups than experiments.Governance tokens gain utility as fee-sharing mechanisms.Liquidity incentives are balanced by actual cash flow.The move toward sustainability means fewer flashy pumps but more stable growth. DeFi in 2026 may look less exciting at first glance, but it will attract institutional money that demands predictability.Gaming and SocialFiWhile less predictable, crypto gaming and social platforms tied to tokens remain areas to watch. By 2026, projects that survived earlier hype cycles may emerge stronger. Games with solid mechanics and token economies that don’t rely only on speculation can finally capture mainstream audiences.Trends shaping this space:On-chain assets that move between games.SocialFi apps tying content creation with micro-rewards.Player-owned economies that give users more control.If combined with stable infrastructure and user-friendly wallets, this could push adoption beyond crypto-native circles.Closing OutlookBy 2026, crypto will look both familiar and transformed. RWAs, stablecoins, ZK-tech, and DeFi show the strongest signals of growth. Gaming and social use cases may bring in fresh users, though risks remain. The overall direction points toward integration with traditional finance, better scalability, and wider everyday use. Growth won’t be linear, but the building blocks are already here.

Author: Coinstats
Urgent Alert: Venus Protocol Suspension Rocks Crypto Lending After Suspected $30 Million Exploit

Urgent Alert: Venus Protocol Suspension Rocks Crypto Lending After Suspected $30 Million Exploit

BitcoinWorld Urgent Alert: Venus Protocol Suspension Rocks Crypto Lending After Suspected $30 Million Exploit The crypto world is currently navigating a significant event, as Venus Protocol, a prominent decentralized lending platform operating on the BNB Chain, has announced a temporary halt to its operations. This urgent Venus Protocol suspension comes after the detection of suspicious transactions, prompting an immediate investigation by the protocol’s team. This development follows a previously suspected exploit on the platform, which reportedly amounted to a staggering $30 million. What Triggered the Urgent Venus Protocol Suspension? The decision to implement the Venus Protocol suspension was made public via the protocol’s official X account. This immediate action was a direct response to unusual activity identified within the system. While specific details of the suspicious transactions are still under wraps, the protocol’s quick response highlights their commitment to security. This incident is particularly sensitive given the earlier reports of a suspected $30 million exploit. Although the exact connection between the current suspension and the previous exploit is still being investigated, the pattern of security challenges raises concerns within the decentralized finance (DeFi) community. The protocol’s team is working diligently to uncover the root cause and ensure the integrity of the platform. Understanding the Broader Impact of a Crypto Protocol Suspension A Venus Protocol suspension, or any halt in operations for a major DeFi platform, sends ripples throughout the broader crypto ecosystem. For users, it means immediate cessation of lending, borrowing, and withdrawing funds, potentially locking up significant capital. This can cause considerable stress and uncertainty. Moreover, such events can impact market sentiment, leading to increased volatility for associated tokens, like XVS, and even affecting the overall perception of the BNB Chain’s security. Trust is a cornerstone of DeFi, and incidents like this underscore the critical need for robust security measures and transparent communication from protocol teams. How Venus Protocol is Addressing This Critical Challenge In response to the detected anomalies, Venus Protocol has confirmed that a thorough investigation is underway. Their primary focus remains on safeguarding user assets and restoring normal operations as swiftly and securely as possible. The team has committed to providing updates through their official communication channels. Here’s what we know about their approach: Immediate Action: Operations were suspended promptly to prevent further potential compromise. Dedicated Investigation: A specialized team is actively analyzing transaction data to identify the nature and source of the suspicious activity. User Asset Security: The protocol emphasizes that protecting user funds is their top priority during this challenging period. Users are strongly advised to monitor Venus Protocol’s official announcements for the most accurate and up-to-date information regarding the investigation and the potential resumption of services. Navigating DeFi Safely: Lessons from the Venus Protocol Suspension The ongoing Venus Protocol suspension serves as a powerful reminder of the inherent risks in the rapidly evolving DeFi landscape. While DeFi offers incredible opportunities, it also demands vigilance from its participants. Here are some actionable insights for staying safe: Diversify Your Portfolio: Avoid putting all your assets into a single protocol or chain. Conduct Due Diligence: Thoroughly research any protocol before committing funds. Understand its security audits, team, and community sentiment. Stay Informed: Follow official channels of protocols you use and reputable crypto news sources. Understand Smart Contract Risks: Be aware that even audited smart contracts can have vulnerabilities. These practices can help mitigate potential losses during unexpected events like protocol suspensions or exploits. In conclusion, the Venus Protocol suspension is a significant event that highlights the ongoing security challenges within the DeFi space. While concerning, such incidents often catalyze stronger security protocols and greater transparency across the industry. Users must remain vigilant, informed, and proactive in managing their digital assets. The crypto community will be closely watching as Venus Protocol navigates this complex situation, hoping for a swift and secure resolution. Frequently Asked Questions (FAQs) What is Venus Protocol? Venus Protocol is a decentralized money market and stablecoin protocol built on the BNB Chain. It allows users to lend and borrow various cryptocurrencies and mint VAI, its synthetic stablecoin, by supplying collateral. Why was Venus Protocol suspended? Venus Protocol suspended its operations after detecting suspicious transactions. This action was taken to investigate the anomalies and protect user funds, following a previous suspected exploit valued at $30 million. Are user funds safe during the Venus Protocol suspension? Venus Protocol has stated that safeguarding user assets is their top priority during the investigation. However, users currently cannot access or move their funds until operations resume. The safety of funds ultimately depends on the outcome of the investigation and the resolution implemented by the protocol. What should Venus Protocol users do now? Users should monitor Venus Protocol’s official X account and other official communication channels for updates. Avoid interacting with unofficial sources or scams. Do not attempt to bypass the suspension as it could lead to further risks. When will Venus Protocol resume operations? The timeline for resuming operations is currently unknown, as it depends on the duration and findings of the ongoing investigation into the suspicious transactions. Venus Protocol will likely announce the resumption once the security issues are fully resolved. Did you find this update helpful? Share this crucial information with your network to keep the crypto community informed about the latest developments regarding the Venus Protocol suspension! To learn more about the latest crypto market trends, explore our article on key developments shaping blockchain security in 2024. This post Urgent Alert: Venus Protocol Suspension Rocks Crypto Lending After Suspected $30 Million Exploit first appeared on BitcoinWorld and is written by Editorial Team

Author: Coinstats