The creators of the Venus landing platform on the BNB Chain have reported a failure in the Binance oracle, resulting in a loss of $274,000.
A proposal to replenish the affected pool with funds from the treasury will be considered by the community.
The issue was discovered in the LST-BNB pool. Following the guidance of Chaos Labs, the developers temporarily suspended the snBNB, agEUR, and stkBNB markets, which also used similar Binance oracle configurations.
The team confirms that all other markets are functioning correctly and have not been affected by the issue.
The Binance team quickly identified and resolved the problem. The developers have urged people not to interpret this incident as an exploit since there were no issues with the Venus Core Pool or XVS.
