TechFlow reports that the BNB Chain core team has submitted a "Remediation Proposal for the BNB Bridge Attacker Account" to the Venus Protocol community on BNB Chain. The proposal aims to grant BNB Chain discretionary authority to seize the attacker's collateral and repay outstanding debts, while avoiding any market liquidation of BNB.
As of December 11, 2023, the attacker's account held 630,240 BNB as supplied assets, along with borrowed positions of 58,440,000 USDT and 37,440,000 USDC. The proposal introduces a forced liquidation mechanism to be executed at the discretion of BNB Chain, ensuring all recovered funds are used to fully cover the protocol's shortfall.
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