Fact-check findings

The reviewer could not reconcile the claim with the evidence it cited. This is a lead, not a ruling that the claim is false.

1. #1[disputed][awaiting moderator]in section: 2022 Terra/LUNA Collapse — $14 Million Bad Debt

   “During the collapse of the Terra/LUNA ecosystem in May 2022, Venus Protocol absorbed approximately $14 million in bad debt.”

   reviewerTerra/LUNA collapse caused approximately $14 million in bad debt on VenusA cited source gives $11.2M. The page's $14-15M figure was not found in the source I fetched. The Messari report was not checked.
   Proposed correction (not yet applied)

   During the collapse of the Terra/LUNA ecosystem in May 2022, Venus Protocol absorbed over $11.2 million in bad debt.
   citedwww.chaincatcher.com/en/article/2252203

No source the reviewer could reach confirms or contradicts the claim.

1. #3[unverifiable][awaiting moderator]in section: March 2026 Donation Attack — Dismissed Audit Finding Exploited

   “This massively increased borrowing power, allowing the attacker to borrow roughly $14.9 million in BTCB, CAKE, USDC, and other assets.”

   reviewerAttacker borrowed roughly $14.9 million and extracted ~$3.7MNo fetched source gives $14.9M; The Block and Protos give figures of $5.07M and $9.92M. Rekt and others were not checked, so I could not confirm or refute.
   citedwww.halborn.com/blog/post/explained-the-…-hack-march-2026
2. #6[unverifiable][awaiting moderator]in section: September 2025 Core Pool Exploit ($27 Million)

   “The protocol reported recovering $13.5 million through this forced liquidation.”

   reviewerVenus recovered $13.5M via lightning vote with 100% supportThe cited CoinDesk piece does not contain the $13.5M figure or the lightning vote detail. The other three cited sources were not fetched.
   citedwww.coindesk.com/business/2025/09/03/ven…r-usd27m-exploit
3. #12[unverifiable][awaiting moderator]in the cited sources

   “https://coincentral.com/venus-protocol-guide/”

   reviewerCoincentral archive does not match the cited URLThe stored archive_url points to an unrelated page (blockfi-vs-crypto-com), and the messari.io entry's archive points to blockworks. I did not fetch the original. Flagged for the judge.
   citedcoincentral.com/venus-protocol-guide/

The cited evidence supports part of the claim but not all of it.

1. #2[partially supported][awaiting moderator]in section: March 2026 Donation Attack — Dismissed Audit Finding Exploited

   “THE's price was pushed from approximately $0.26 to nearly $4 through recursive DEX purchases before collapsing.”

   reviewerTHE price pushed from ~$0.26 to nearly $4Sources differ (spot ~$5 vs oracle ~$0.50). The page's 'nearly $4' matches neither exactly. Low-stakes but imprecise.
   citedwww.theblock.co/post/393622/venus-protoc…-the-token-price
2. #7[partially supported][awaiting moderator]in section: September 2025 Core Pool Exploit ($27 Million)

   “Venus confirmed full restoration of services on September 3, 2025.”

   reviewerServices restored September 3, 2025Resumption happened on Sept 2 UTC with confirmation on Sept 3. The page and timeline's Sept 3 date for restoration is slightly off.
   citedwww.coindesk.com/business/2025/09/03/ven…r-usd27m-exploit
3. #8[partially supported][awaiting moderator]in section: Governance and Decentralization Concerns

   “Venus Protocol has accumulated over $112 million in cumulative losses across at least five separate incidents since 2021”

   reviewerOver $100M+ cumulative losses across at least five incidents (page says $112M)The $112M is the page's own sum and is not stated by a source. The source says over $100M in at least four incidents. It also counts bad debt, which differs from the $27M phishing loss that was largely recovered.
   citedwww.chaincatcher.com/en/article/2252203
4. #10[partially supported][awaiting moderator]in section: March 2026 Donation Attack — Dismissed Audit Finding Exploited

   “had already resulted in approximately $717,000 in bad debt.”

   reviewerZKSync Feb 2025 exploit ~$717,000 bad debtConsistent with 'over $700k'; exact figure unconfirmed.
   citedwww.halborn.com/blog/post/explained-the-…-hack-march-2026
5. #11[partially supported][awaiting moderator]in the timeline

   “Alleged attacker begins nine-month accumulation of THE (Thena) tokens on Venus, funded via ~7,400 ETH from Tornado Cash; community members allegedly raise concerns; Venus declines to act”

   reviewerTimeline says attacker began nine-month accumulation in June 2025 and Venus 'declines to act' after community concernsNine months before March 2026 gives roughly June 2025, which is an inference. The community-warning allegation rests on a dev.to post and is hedged. The entry has no source.

The cited evidence supports the claim as written.

1. #4[confirmed][no action needed]in section: March 2026 Donation Attack — Dismissed Audit Finding Exploited

   “The Core Pool was left with $2.15 million in bad debt following 8,048 cascading liquidations.”

   reviewerAttacker accumulated ~84% of THE supply cap and exchange rate inflated 3.81x; 8,048 liquidations; ~7,400 ETH from Tornado Cash; $2.15M bad debt of CAKE and THECore quantitative claims match two independent sources.
   citedwww.halborn.com/blog/post/explained-the-…-hack-march-2026
2. #5[confirmed][no action needed]in section: March 2026 Donation Attack — Dismissed Audit Finding Exploited

   “The attacker ultimately suffered a net loss of approximately $4.7 million due to the price collapse.”

   reviewerAttacker net loss of ~$4.7M after nine months of planningMatches Protos.
   citedprotos.com/venus-protocol-hacker-lost-4-…ths-of-planning/
3. #9[confirmed][no action needed]in section: 2021 XVS Oracle Manipulation — $95 Million Bad Debt

   “In May 2021, Venus Protocol's Core Pool incurred over $95 million in bad debt following an oracle manipulation attack targeting its own governance token, XVS.”

   reviewer2021 XVS manipulation left over $95M bad debt; ~2,000 BTC and 5,700 ETH borrowedMatches ChainCatcher.
   citedwww.chaincatcher.com/en/article/2252203