TechFlow news, according to PeckShield monitoring, the BNB Bridge hacker has had 1.1 million vBNB liquidated. The current price of BNB is 218.2 USDT.
Previously reported, after the Binance Bridge attack incident, Venus passed VIP-79 proposal in November 2022 establishing a whitelisted liquidation mechanism for this event, specifically involving cooperation with Binance and other BNB Chain ecosystem participants to take over and jointly repay the debt when the position reaches its liquidation threshold. As such, the BNB Chain core team effectively acts as the sole liquidator for this position, securely managing this massive supply of BNB to prevent cascading liquidations from occurring directly.
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