Attacker’s liquidation price for BNB bridged to Venus Protocol is around $220. Venus governance proposal: Frozen, cannot be liquidated.

Attacker's liquidation price for BNB bridged to Venus Protocol is $220. Venus governance proposal is frozen and cannot be liquidated.

According to Lookonchain, the BNB Bridge attacker who stole approximately 2 million BNB in July 2022 is currently using 924,821 BNB (worth approximately $250 million) as collateral in the Venus Protocol lending protocol, with an estimated liquidation price of $220.

According to the Venus Protocol governance proposal Vinus VIP-79, the proposal aims to introduce a whitelist function for executing liquidations, where the BNB Chain core team is the only liquidator for this position, and therefore 924,821 BNB “will not be automatically liquidated”.

Hacker address and collateral health rate query: https://debank.com/profile/0x489a8756c18c0b8b24ec2a2b9ff3d4d447f79bec

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Reference: https://twitter.com/lookonchain/status/1666449640860909570

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