BNB Chain Hacker Loses $30 Million in Liquidation on Venus Protocol: Karma Catches Up?

Remember the massive $600 million BNB Chain exploit from last year? It appears the hacker\'s troubles aren\'t over. Venus Protocol, a decentralized lending platform operating within the BNB Chain ecosystem, has liquidated a wallet connected to last year’s bridge hack.

A crypto wallet connected to the October 2025 BNB Chain $600 million exploit has lost roughly $63 million on the decentralized lending platform Venus Protocol due to fluctuating cryptocurrency prices.

A hacker who stole almost $600 million in BNB last year had over $60 million in collateral liquidated on the decentralized borrowing and lending service Venus. The protocol Venus Protocol has liquidated over $30 million worth of collateral from a notorious wallet that had borrowed large sums of stablecoins from the lending platform.

The individual responsible for this incident had utilized the stolen BNB to secure a $30 million Tether loan from Venus Protocol. With the recent drop in BNB’s price to [Insert Current BNB Price Here - Keep Updated!] the hacker\'s position became unsustainable, triggering the liquidation.

This liquidation highlights the risks associated with leveraged positions in decentralized finance (DeFi), even for those with ill-gotten gains. While the hacker initially profited from the BNB Chain exploit, they ultimately faced the consequences of market volatility and the automated mechanisms of Venus Protocol.

What does this mean for the BNB Chain and Venus Protocol? While the liquidation doesn\'t recover the full $600 million stolen, it demonstrates the robustness of DeFi protocols in managing risk. It also sends a message that even sophisticated hackers aren\'t immune to market forces.

Stay tuned for more updates on this developing story.