After the decline in Bitcoin, the echoes of the $1 billion liquidation in cryptocurrencies proceed.

Whereas many buyers had been harm because it was the most important liquidation seen after FTX’s chapter, those that used low leverage this time additionally bought their share.

Throughout these purges, a purge additionally occurred within the pockets of the foremost BNB hacker.

Hacking the bridge referred to as the BSC Token Hub final October, the attacker stole $600 million value of BNB. The attacker used a mortgage of 30 million USDT by giving a few of these BNBs he stole to Venus Protocol as collateral.

Following on-chain information, PeckshildAlert introduced that the BNB attacker’s $63 million collateral in Venus Protocol was liquidated.

In an announcement on the protocol, Venus said that with the lower in Bitcoin, the account of the BNB attacker was efficiently liquidated.

“After at the moment’s market motion, the BNB bridge attacker’s account has been wholesome liquidated with none destructive influence on the BNB value as promised to BNB Chain.”

Following at the moment’s market motion, the BNB Bridge exploiter account was made wholesome as promised by @BNBCHAIN utilizing whitelisted liquidation with none ensuing shortfall or additional influence to $bnb https://t.co/TGZ7nbiDPN

— Venus Protocol (@VenusProtocol) August 18, 2023

Whereas the identification of the BNB attacker stays a thriller, it’s estimated that the Lazarus group, which is linked to North Korea, carried out the assault.