{"id":59073,"date":"2025-09-08T13:27:23","date_gmt":"2025-09-08T13:27:23","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/xvs-price-turns-bullish-as-venus-protocol-recovers-funds-stolen-from-phishing-scam\/"},"modified":"2025-09-08T13:27:23","modified_gmt":"2025-09-08T13:27:23","slug":"xvs-price-turns-bullish-as-venus-protocol-recovers-funds-stolen-from-phishing-scam","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/xvs-price-turns-bullish-as-venus-protocol-recovers-funds-stolen-from-phishing-scam\/","title":{"rendered":"XVS price turns bullish as Venus Protocol recovers funds stolen from phishing scam"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687552433650-cf8f0c98-14da-4683-8206-3ac5a131b2fa-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687552433650-cf8f0c98-14da-4683-8206-3ac5a131b2fa-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687552433650-cf8f0c98-14da-4683-8206-3ac5a131b2fa-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687552433650-cf8f0c98-14da-4683-8206-3ac5a131b2fa-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>The platform has recovered the assets and returned them to the victim.<\/li>\n<li>The attack happened on September 2, and the swift action has restored user confidence.<\/li>\n<li>XVS gained 2% amidst the community\u2019s optimism.<\/li>\n<\/ul>\n<p>A leading DeFi lending platform, Venus Protocol, has demonstrated its capability after the team recovered funds lost to a phishing scheme that shook its community in the past few days.<\/p>\n<p>Notably, the lending network suffered <a href=\"https:\/\/coinjournal.net\/news\/xvs-price-slips-after-27m-venus-protocol-phishing-attack\/\">a sophisticated phishing incident on September 2<\/a>, which had Venus\u2019 renowned user Kuan Sun incurring significant losses.<\/p>\n<p>Venus Protocol\u2019s team has worked with investigative platforms like PeckShield to pursue a retrieval, and they have succeeded. The X post read:<\/p>\n<blockquote>\n<p>We are happy to share that\u2026 we have officially returned KuanSun\u2019s position worth $11.4M at today\u2019s token prices.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">After conducting diligence checks, we are happy to share that as of Sep-06-2025 01:33:10 PM UTC, we have officially returned <a href=\"https:\/\/twitter.com\/KuanSun1990?ref_src=twsrc%5Etfw\">@KuanSun1990<\/a>&#8216;s positions worth $11.4M at today\u2019s token prices.<\/p>\n<p>Transaction tx linked below.<\/p>\n<p>\u2014 Venus Protocol (@VenusProtocol) <a href=\"https:\/\/twitter.com\/VenusProtocol\/status\/1964865688285417877?ref_src=twsrc%5Etfw\">September 8, 2025<\/a><\/p>\n<\/blockquote>\n<p>Venus Protocol\u2019s team acted swiftly to manage the situation and secure the ecosystem\u2019s reputation.<\/p>\n<p>After guaranteeing that the protocol was safe as the perpetrator targeted a specific user, Venus suspended its operations for 20 minutes after the attack to kick-start the investigation.<\/p>\n<p>It detailed:<\/p>\n<blockquote>\n<p>This was done to ensure that the protocol and all users were safe, and to secure the funds of the compromised user.<\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/x.com\/VenusProtocol\/status\/1963251755543839227\">The post-incident analysis<\/a> shows the Venus team completed security checks, verified the systems\u2019 integrity, and recovered the stolen assets in less than 12 hours.<\/p>\n<p>The transparency throughout the recovery process, and swift actions guaranteed the community the protocol\u2019s safety and a reliable governance that can handle crises smoothly.<\/p>\n<p>The network\u2019s native token reflects prevailing optimism with a bullish performance.<\/p>\n<h2>XVS price outlook<\/h2>\n<p>Venus Protocol\u2019s token has recovered from its post-hack slump.<\/p>\n<p>XVS hovers at $6.31 after gaining more than 2% in the past 24 hours.<\/p>\n<p><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-334660\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/09\/XVS-1D-Chart.jpg\" alt=\"\" width=\"1044\" height=\"397\"\/><\/p>\n<p>The 40% upsurge in 24-hour trading volume signals renewed confidence in the $100M DeFi lending network.<\/p>\n<p>The altcoin might extend its upside in the near term as its recovery coincides with the broader market upswings.<\/p>\n<p>The global cryptocurrency market cap has increased by 0.68% in the past day as Bitcoin reclaims $112,000.<\/p>\n<p>Technical indicators back XVS\u2019s bullish trajectory.<\/p>\n<p>The Chaikin Money Flow climbed from the negative territory over the weekend to press time\u2019s 0.36.<\/p>\n<p>That signals funds entering the Venus Protocol ecosystem amid restored investor confidence.<\/p>\n<p>The altcoin trades well above the 50- and 100-day Exponential Moving Averages on the 3H charts, signalling buyer dominance.<\/p>\n<p>Moreover, the MACD\u2019s crossover and green histogram confirm a bullish outlook.<\/p>\n<p>Also, the daily Relative Strength Index at 51 suggests a potential trend shift to the upside.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-334658\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/09\/XVS-Chart.jpg\" alt=\"\" width=\"1280\" height=\"527\"\/><\/p>\n<p>Continued uptrends will clear the path to the psychological mark at $7 before targeting February highs near $9.<\/p>\n<p>Nevertheless, markets remain choppy as attention remains on the Fed decision during the September 17 meeting.<\/p>\n<p>Meanwhile, Venus Protocol\u2019s recovery underscores increased security in the DeFi space, with experts now able to recover stolen assets.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/xvs-price-turns-bullish-as-venus-protocol-recovers-funds-stolen-from-phishing-scam\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) The platform has recovered the assets and returned them to the victim. The attack happened on September 2, and the swift action has restored user confidence. XVS gained 2% amidst the community\u2019s optimism. A leading DeFi lending platform, Venus Protocol, has [&hellip;]<\/p>\n","protected":false},"author":3947362363,"featured_media":59074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/59073"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362363"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=59073"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/59073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/59074"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=59073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=59073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=59073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}