XVS fell sharply after a Venus Protocol exploit left roughly $2.15 million in bad debt, while PeckShieldAlert flagged the incident and CoinMarketCap showed the token trading lower over the past 24 hours.
#PeckShieldAlert $THE Market on #Venus has suffered an exploit, leaving ~$2.15M in bad debt.
A month ago, the attacker withdrew 7,400 $ETH from #TornadoCash & borrowed $9.9M to buy $THE. They then donated 36.1M $THE directly to the vTHE contract, bypassing the supply cap and… pic.twitter.com/CYCPBxxOgV
— PeckShieldAlert (@PeckShieldAlert) March 19, 2026
The price action reflected a rapid repricing of protocol risk. CoinMarketCap showed XVS at $3.01, down 8.63% on the day, with market capitalization at $49.19 million and 24-hour volume at $7.19 million. The token traded in a daily range between $3.00 and $3.35, underscoring the volatility that followed the bad-debt disclosure.
The next point to watch is whether Venus can contain the fallout from the March 16 exploit and restore confidence around XVS after the initial selloff. For market participants, the immediate focus is on how the protocol addresses the bad debt and whether trading conditions stabilize once the event is fully absorbed by the market.
Source: PeckShieldAlert (X); CoinMarketCap.
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