Venus protocol $200 M hack analysis

On May 18th, Venus Protocol suffered a huge $200M+ in liquidation. This was due to price manipulation of the governance token (XVS) which led to a $100M+ of bad debt accumulation.

Background

Venus protocol allows the user’s to borrow funds, by depositing XVS as collateral. The borrowed value is always lower…

QuillAudits has officially announced the successful completion of the smart contract security audit for Dfyn Smart contract. A meticulous and professional security audit was conducted, which checked & ensured the following imperative points:

— The overall quality of code.
— Use of best practices.
— Code documentation and comments match…

QuillHash Team

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