The platform recovered the assets and returned them to the victims. The attack occurred on September 2nd, and user trust was restored through rapid action. XV won 2% amid community optimism.
Venus Protocol, a leading lending platform, demonstrated its capabilities after the team recovered lost funds to phishing schemes that have rocked the community in the past few days.
In particular, the lending network suffered from a sophisticated phishing incident on September 2nd. This could have caused Venus’ well-known user Kuan Sun to suffer significant losses.
The Venus Protocol team has been working with research platforms such as Peckshield to pursue searches and has been successful. xPost Read:
We are happy to share it… We have officially returned Kuansun’s position worth $11.4 million at today’s token price.
After conducting a hardworking check, as of Sep-06-2025 01:33:10 PM UTC, I officially returned the position of @Kuansun1990 worth $11.4 million at today’s token price.
Transaction TX linked below.
– September 8, 2025, Venus Protocol (@venusprotocol)
The Venus Protocol team acted swiftly to manage the situation and ensure the ecosystem’s reputation.
After ensuring that the protocol was safe as the perpetrator targeted a particular user, Venus paused the operation for 20 minutes after the attack and began an investigation.
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This was done to ensure that protocols and all users are safe and secured funding for compromised users.
Post-incident analysis shows that the Venus team completed a security check, verified system integrity, and recovered stolen assets within 12 hours.
Transparency throughout the recovery process and quick action ensured the community was safe for protocols and reliable governance that could handle the crisis smoothly.
Network native tokens reflect general optimism with bullish performance.
XVS price outlook
Venus Protocol tokens recovered from a post-hack slump.
XV will be whivering for $6.31 after winning more than 2% in the last 24 hours.
A 40% surge in 24-hour trading volume has renewed confidence in its $100 million lending network.
Altcoin could expand its upside-down at a near stage as its recovery coincides with a broader market rise.
Global cryptocurrency market capitalization has increased by 0.68% in the past day as Bitcoin regains $112,000.
A technical indicator that carries the bullish trajectory of XVS.
Chaikin’s money flow climbed from negative territory over the weekend and rose to 0.36 for press time.
Signals funds entering the Venus protocol ecosystem as investors’ trust is restored.
Altcoin signals buyer dominance far above the 50- and 100-day exponential moving averages of 3H charts.
Additionally, MACD crossover and green histograms confirm bullish outlook.
Additionally, a daily relative strength index of 51 suggests that potential trend shifts are upside down.
The ongoing uptrend clears the path to the $7 psychological mark before targeting the February high of nearly $9.
Nevertheless, the market remains choppy as attention remains on the Fed’s decision during the September 17 meeting.
Meanwhile, Venus Protocol recovery highlights an increase in the security of Defi space, allowing experts to recover stolen assets.
