The Venus Protocol has previously experienced three security controversy incidents, with related losses exceeding 100 million USD.

On September 2, data showed that Venus Protocol had previously experienced 3 security controversy incidents, with related losses exceeding 100 million USD. Among them: in May 2021, the governance token XVS was subject to price manipulation, where the attacker borrowed a large amount of BTC/ETH, leading to a price crash and subsequent liquidation. The protocol generated bad debts and was unable to recover the loans. On May 13, 2022: during the LUNA Oracle Machine exploitation incident, the Chainlink price feed was paused, causing a price discrepancy for LUNA tokens, resulting in a loss of 11.2 million USD due to the exploitation of this vulnerability. In December 2023, a short-term quoting failure occurred in the CEX Oracle, causing the value of the Venus Protocol snBNB isolation pool assets to unusually drop to 240 USD.