Hacker Triggers $5.5 Million Liquidation in Credit Position

Following the recent major drop in the cryptocurrency market led by Bitcoin (BTC), a partial liquidation was triggered in the $150 million Binance Coin (BNB) credit position of Venus Protocol, a decentralized lending platform taken over by the BNB Chain core team. Hacker’s Credit Position Liquidated for $5.5 Million In November, Venus Protocol and the BNB Chain core team had accepted a management proposal that granted the core team the authority to liquidate the position in order to mitigate the impact on the broader market in the event of a liquidation. The post Hacker Triggers $5.5 Million Liquidation in Credit Position appeared first on COINTURK NEWS.