Venus Protocol Recovers $11.4 Million from Phishing Attack

Phishing Recovery Success: Venus Protocol successfully returned $11.4 million to Kuan Sun after a phishing attack, showcasing their effective emergency governance actions and collaboration with security firms.

Decentralization vs. Control Debate: The incident highlights ongoing discussions in the DeFi community regarding the balance between decentralization and the need for centralized governance measures during crises, as well as the lack of regulatory responses from bodies like the SEC and CFTC.