Venus Protocol Halts Operations After $27M Phishing Attack
- Hack Loss: Venus Protocol suffered a $27 million loss due to a phishing attack on a major account, leading to an operational pause and ongoing investigations, highlighting security vulnerabilities in DeFi platforms and a crisis of market trust.
- Industry Security Concerns: This incident has raised widespread concerns about DeFi security risks, particularly in 2026, as Balancer also experienced a significant hack, losing between $116 million and $128 million, further unsettling investors.
- Investigation and Response: The Venus Protocol team confirmed the operational pause and is actively investigating the incident; although no immediate statements were made by top leadership, they are working closely with security teams to address the crisis.
- Asset Recovery Possibility: Experts note that this event resembles previous phishing and smart contract exploits, and while security risks persist, historical successful asset recovery cases may provide precedents for future responses.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000197 | 0.000246 | 0.000294 | 0.000343 | 0.000391 | 0.00044 | 0.000488 |
| Fibonacci | 0.000246 | 0.000283 | 0.000306 | 0.000343 | 0.00038 | 0.000403 | 0.00044 |
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