Ignas | DeFi
Ignas | DeFi|Sep 02, 2025 09:42
'Venus exploited for 40M' headline might be wrong. I tested AI limits by feeding ChatGPT Thinking model with the tx. It can the read the explorer! It says Venus worked as intended. If it's true, I won't need smart contract explanatooors anymore lol Anyway, the AI read into the tx says the attacker abused approvals/signed auth from the whale wallet. It used pre-approval to - Repaid debt → unlocked collateral - Borrowed USDC to self - Redeemed vTokens to self - Wallet drained. Protocol safe. No idea if it's true, but if it is then: - You should cancel approvals for all assets - AI is next level(Ignas | DeFi)
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