Venus Protocol, a decentralized lending platform on the BNB Chain, is under scrutiny as a large Binance Coin (BNB) position, belonging to an entity responsible for a major hack last year, risks liquidation.

The attacker used Venus Protocol to borrow $150 million worth of stablecoins with a position of 900,000 BNB, which has remained since the hack. The health rate of the loan position has fallen to 1.03, close to its liquidation point, and a drop in BNB's price could trigger the process. The BNB Chain core team will take over the position if it hits the liquidation threshold, as per a November proposal.