The largest DeFi money market on Binance’s blockchain, Venus (XVS), finances a curious book. A string of events put it at risk of overexposure to assets from hacks and bridge exploits. Venus considers some $250 million worth of stolen BNB to be part of its so-called total value locked (TVL).

Today, it claims to possess roughly $950 million of TVL within Binance’s Smart Chain ecosystem, inclusive of those illegitimate funds, while community members have accused Venus Protocol of hiding some of its liabilities.

Hosted on Acast. See acast.com/privacy for more information.