XVS price turns bullish as Venus Protocol recovers funds stolen from phishing scam

• The platform has recovered the assets and returned them to the victim.
• The attack happened on September 2, and the swift action has restored user confidence.
• XVS gained 2% amidst the community’s optimism.

A leading DeFi lending platform, Venus Protocol, has demonstrated its capability after the team recovered funds lost to a phishing scheme that shook its community in the past few days.

Notably, the lending network suffered a sophisticated phishing incident on September 2, which had Venus’ renowned user Kuan Sun incurring significant losses.

Venus Protocol’s team has worked with investigative platforms like PeckShield to pursue a retrieval, and they have succeeded. The X post read:

We are happy to share that… we have officially returned KuanSun’s position worth $11.4M at today’s token prices.

After conducting diligence checks, we are happy to share that as of Sep-06-2025 01:33:10 PM UTC, we have officially returned @KuanSun1990‘s positions worth $11.4M at today’s token prices.

Transaction tx linked below.

— Venus Protocol (@VenusProtocol) September 8, 2025

Venus Protocol’s team acted swiftly to manage the situation and secure the ecosystem’s reputation.

After guaranteeing that the protocol was safe as the perpetrator targeted a specific user, Venus suspended its operations for 20 minutes after the attack to kick-start the investigation.

It detailed:

This was done to ensure that the protocol and all users were safe, and to secure the funds of the compromised user.

The post-incident analysis shows the Venus team completed security checks, verified the systems’ integrity, and recovered the stolen assets in less than 12 hours.

The transparency throughout the recovery process, and swift actions guaranteed the community the protocol’s safety and a reliable governance that can handle crises smoothly.

The network’s native token reflects prevailing optimism with a bullish performance.

XVS price outlook

Venus Protocol’s token has recovered from its post-hack slump.

XVS hovers at $6.31 after gaining more than 2% in the past 24 hours.

The 40% upsurge in 24-hour trading volume signals renewed confidence in the $100M DeFi lending network.

The altcoin might extend its upside in the near term as its recovery coincides with the broader market upswings.

The global cryptocurrency market cap has increased by 0.68% in the past day as Bitcoin reclaims $112,000.

Technical indicators back XVS’s bullish trajectory.

The Chaikin Money Flow climbed from the negative territory over the weekend to press time’s 0.36.

That signals funds entering the Venus Protocol ecosystem amid restored investor confidence.

The altcoin trades well above the 50- and 100-day Exponential Moving Averages on the 3H charts, signalling buyer dominance.

Moreover, the MACD’s crossover and green histogram confirm a bullish outlook.

Also, the daily Relative Strength Index at 51 suggests a potential trend shift to the upside.

Continued uptrends will clear the path to the psychological mark at $7 before targeting February highs near $9.

Nevertheless, markets remain choppy as attention remains on the Fed decision during the September 17 meeting.

Meanwhile, Venus Protocol’s recovery underscores increased security in the DeFi space, with experts now able to recover stolen assets.