Venus Protocol has resumed operations after recovering $27 million that was stolen through a malicious contract update. In response to the incident, the platform paused withdrawals and liquidations to allow security teams to verify the integrity of user funds and the platform's front end. The exploit was detected when on-chain analysts noticed suspicious activity from the Core Pool Comptroller contract, which redirected user assets such as vUSDC and vETH to a hacker's wallet. Despite assurances regarding fund safety, the native token XVS saw a decline of 2.69% in value over the past day due to market reactions following the exploit. The protocol announced plans to release a comprehensive report on the incident later and expressed gratitude to the community for their support during this troubling time. The pause was deemed necessary to secure the compromised funds and conduct thorough security checks.

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