Venom Foundation

VF advances the development and growth of the Venom network, leveraging cutting-edge blockchain technology to build a more inclusive financial future.

[Venom Foundation @VenomFoundation]

Discover the Venom Ecosystem

🛠️ Explore our latest guide to the Venom ecosystem, featuring insights on platforms, projects, and how Venom is shaping the future of blockchain. Whether you're a newcomer or a seasoned user, this guide has something for you.

👉 Check it out here: https://t.co/AVvoQ4bUdG

[Venom Foundation @VenomFoundation]

🛡 ChainConnect Post-Mortem: Alien Proxy Callback Exploit 🛡

On July 26th, an unauthorized caller exploited an access-control flaw in a ChainConnect bridge contract on Venom 2.0.

The vulnerability was in their application-level code (specifically the ProxyMultiVaultAlien_V10.onCheckAccumulatedFee callback), which lacked proper sender verification. This allowed the minting of unbacked Alien TIP-3 tokens that were then bridged to Ethereum through the standard flow.

The issue was not related to Venom, the TVM, the TIP-3 standard, network infrastructure, relays, or any core components. No keys or privileged access were compromised.

Actions taken and fund recovery

ChainConnect has taken full responsibility, patched the vulnerability across all affected deployments, and conducted a thorough review of their callback and minting logic.

👉 82.9% of the affected funds (~615k USD) were returned, with 17.1% retained as a bounty.

Venom and ChainConnect
Venom is an independent public blockchain. ChainConnect is a separate project building on the broader ecosystem. Our team assisted them during the investigation, but we were not involved in the root cause.

🔗 Full technical post-mortem from ChainConnect: https://t.co/oUurASFCaz

[Venom Foundation @VenomFoundation]

➡️ Time to Move Beyond Active Addresses ➡️

Venom Foundation’s new report calls out active addresses as an unreliable metric for blockchain adoption. ���� Many are inflated by Sybils, bots, and automated activity, giving a false picture of real user growth.

They propose better, manipulation-resistant metrics focused on genuine usage.

🔍 Check out the full details in Blockchain Reporter: 🔗 https://t.co/TCRnhaeVvK

[Venom Foundation @VenomFoundation]

Hello! Thanks for the report.

The ChainConnect team has identified a security incident on their bridge and has paused all operations during the investigation.

Venom Foundation is in close contact with them and providing support.

Key points:
- The issue is limited to the ChainConnect Bridge.
- No impact on the Venom Network itself or assets held directly on Venom
- The ChainConnect bridge is temporarily suspended, please do not interact with it until the vulnerability has been resolved

ChainConnect is an independent product built on Venom. This does not mean the Venom Network was compromised.

More verified updates coming soon. Stay safe and thank you for the report.

[Venom Foundation @VenomFoundation]

Update on the ChainConnect Security Incident

The ChainConnect team has identified a security incident affecting their bridge platform and has temporarily suspended all bridge operations while its investigation continues.

The Venom team has been in close contact with ChainConnect and is providing assistance throughout the investigation. We will share additional details as soon as verified information becomes available.

What you need to know

🔎 ChainConnect is actively investigating the incident with support from the Venom team.

⛔️ The ChainConnect Bridge has been temporarily paused as a precaution.

🛡️ Based on the information currently available, the incident is limited to the ChainConnect Bridge and does not affect the operations of the Venom Network.

✅ No impact to assets held directly on the Venom Network has been identified at this time.

Important

❗️ Please do not interact with the ChainConnect Bridge until further notice.

‼️ ChainConnect is an independent ecosystem product built on Venom. The investigation currently concerns the ChainConnect Bridge and the vulnerability should not be interpreted as a compromise of the Venom Network.

🙏 Thank you for your understanding and continued support. Further updates will be shared when verified information becomes available.

[Venom Foundation @VenomFoundation]

✅ ChainConnect Maintenance Successfully Completed ✅

The ChainConnect Bridge platform underwent maintenance work in order to connect to the new Venom network.

The Bridge is now fully functional with Venom operations: https://t.co/vFMMa90184

Thank you for your patience! 🙏

[Venom Foundation @VenomFoundation]

⏸️ ChainConnect Undergoing Venom Maintenance Work ⏸️

The ChainConnect Bridge https://t.co/vFMMa90184 platform is currently undergoing maintenance work as it connects to the new Venom network.

🔜 Likewise, within a week the migration of tokens from the old network to the new will be carried out so follow the updates for the latest!

Thank you for your patience! 🙏

[Venom Foundation @VenomFoundation]

🛡️Venom Looking for DeFi Insurance Partner 🛡️

Venom Foundation is actively seeking a DeFi insurance partner 🔐 to boost on-chain security and protect user assets.

🤝 Rather than developing its own insurance service, the platform is looking for a professional underwriting collaborator that can offer dependable claims processing and coverage.

For more details check out this article: 🔗 https://t.co/5asiREQrXI

💬 And if you have any suggestions, leave them in the comments or reach out to us on Discord.

[Venom Foundation @VenomFoundation]

➡️ Migrate Your Venom Tokens ➡️

The new Venom mainnet is live following a flawless migration.

Holders can now perform a simple 1:1 swap of their tokens through the official migration portal. There are no address changes and everything is running seamlessly.

🔗 Portal: https://t.co/GI2bbMIBsD

✅ The old chain will remain active for 6 months, so you can migrate at your own pace.

📝 Our CEO, @louis_tsu , just wrote an essay on what Venom's migration means for the industry, check out the full details here: 👉 https://t.co/GHPH7JOFiu

[Venom Foundation @VenomFoundation]

🚀 Venom Mainnet Migration Now Live 🚀

Venom is now moving to the new mainnet!

Migrate your $VENOM and $USDT via a 1:1 swap on the official portal. Token supply and vesting remain unchanged.

🔄 Migration Portal:
https://t.co/UngLNR0EzE

🔑 Key info:
• Old mainnet will stay online for 6 months, so move at your own pace
• Use SparX Wallet (it is replacing Venom Wallet) → https://t.co/JtuQAT75p5
• The new network features up to 150,000 TPS, sub-second finality, dynamic sharding & more

⚠️ Important Warning
The portal works one way only. Do not send tokens back from the new network to the old one or you will lose them. You will also see this warning when signing the migration transfer.

🔗 Full guide & details:
https://t.co/rthAykKkJA

✅ Follow the steps carefully, start with a small test amount, and leave ~0.05 VENOM for fees.

Welcome to the new era of Venom! 🔥

[Venom Foundation @VenomFoundation]

➡️ Venom Ecosystem Update: Unstaking & Migration Info ➡️

Dear Venom community,
We’ve fully resolved the previous unstaking delays. Unstaking stVENOM now takes 24 to 60 hours.

⚠️ Important for existing requests:
If you submitted an unstaking transaction before today, it may still take up to 30 days.

You can cancel it directly in the SparX wallet interface and create a new unstaking request to benefit from the updated 24-60 hour processing time.

🔐 Reminder: Your address and seed phrase remain exactly the same as in the previous Venom wallet.

🔄 Why unstake?
To participate in the upcoming migration, you must first unstake your stVENOM back to VENOM, then swap VENOM to the new token via the official migration portal (1:1 ratio).
🔜 The portal will open soon, stay tuned for an announcement.

🆕 New workflow:
All staking and unstaking operations now happen exclusively inside the SparX wallet using the Stake/Unstake button. There is no longer any need to use https://t.co/4d8arIMKs3.

👉 We’ve prepared a detailed step-by-step guide on using SparX, including everything you need to know about unstaking: 🔗 https://t.co/AQV82PMF66

❗️ Stay tuned for the migration portal announcement.

Thank you for your patience and continued support! 🙏

[Venom Foundation @VenomFoundation]

🚀 Venom Wallet Switches Over to SparX 🚀

Dear Venom community,
We are excited to announce that Venom Wallet is transitioning to SparX, the new official ecosystem wallet.

⚡️ What is SparX?
SparX is a next-generation wallet offering improved performance, better user experience, and full support for all current and upcoming features.

What you need to know:
✅ Your address will remain the same
✅ Your seed phrase will remain valid
✅ All your assets and tokens are safe
✅ No action is required until you decide to migrate

The migration has begun. Venom Wallet will continue to be fully supported for the next 6 months, but we strongly recommend switching to SparX as soon as possible to enjoy the best experience and future updates.

📲 Download SparX now: https://t.co/5hx98MWf7h

Stay safe and thank you for being part of the Venom journey! ✨

[Venom Foundation @VenomFoundation]

🗣 All of Your Migration Questions Answered 🗣

This is a huge moment for Venom and we understand there are a lot of questions. As a reminder, we have gathered all of your questions and answered them in our FAQ.

🔗 Read out the FAQ here: https://t.co/bJOI229nAc

ℹ️ And be sure to check https://t.co/rthAykKkJA for all the latest information.

Thank you, and if you have any issues or further questions, don't hesitate to reach out to us! 💬

[Venom Foundation @VenomFoundation]

🌐 Venom Ecosystem Migration: The Next Phase 🌐

The new Venom mainnet is live and producing blocks. Migration tokens are staged and ready. 🚀 The ecosystem is preparing to move.

🔗 All the latest information about the migration is now available here: https://t.co/rthAykKSz8

Where we stand:

• New mainnet — deployed, sub-second finality, dynamic sharding live
• New explorer — https://t.co/joJ6n3VHe9
• New JRPC — https://t.co/Zi8fytbHon
• Migration tokens — staged on-chain, ready for the 1:1 swap
• Migration portal — opening soon
• Bridge — deployment in progress
• ChainConnect — connecting to the new network (transactions currently on pause, full migration expected within ~1 week)
• Exchange partners — coordinated support announcements pending

The old mainnet will remain online for the next 6 months ⏳ to ensure a smooth transition.

🔗 For any questions, check out our FAQ: https://t.co/bJOI229VpK

We’ll keep the community updated every step of the way as we complete this important upgrade.

✨ Welcome to the next era of Venom.

[Venom Foundation @VenomFoundation]

⏸️ ChainConnect Undergoing Venom Maintenance Work ⏸️

The ChainConnect Bridge https://t.co/vFMMa90184 platform is currently undergoing maintenance work as it connects to the new Venom network.

🔜 Likewise, within a week the migration of tokens from the old network to the new will be carried out so follow the updates for the latest!

Thank you for your patience! 🙏

[Venom Foundation @VenomFoundation]

🚨 Emissions Paused on Legacy Network 🚨

As part of the Venom Protocol Upgrade, all emissions have been halted on the current network.

🔗 Verified on-chain: Block 25792227

The new network is being deployed now. ⚙️
The migration portal will open once the new mainnet is live and all $VENOM holders will be able to migrate their tokens, including those on exchanges.

👉 What you need to do right now: No action is necessary on your part. We'll announce when the bridge is live.

🔒 If you hold stVENOM: You'll need to unstake before migrating. We'll announce the window and provide you with a guide when the time comes.

The current network will remain operational for 6 months after the new mainnet launches.

📖 Migration FAQ and guide will be shared on our socials very shortly, before the bridge opens.

[Venom Foundation @VenomFoundation]

✅ Migration Vote Completed ✅

Dear Venom Community,
The voting on the proposal for migration to the new next-generation protocol has officially ended.

Results
🟢 Votes for: 23,793,857
❌ Votes against: 0

🗳️ The proposal has passed! https://t.co/Up1DT0mCIv

This means Venom is moving to a significantly upgraded network with higher performance, better scalability, and improved user experience.

🔜 In the coming week we will be publishing a guide on how to transfer your tokens to the new network along with an FAQ covering all of your questions.

Welcome to the new era of Venom! 🚀

[Venom Foundation @VenomFoundation]

📢 Venom X Origami Tech Competition on KuCoin Extended 📢

📅 Ends: June 6, 12:00 UTC
🏆 Prize Pool: 187,000 $VENOM

Trade more, rank higher, win bigger!

🏃 There is still time to join and win your share of the prize pool: https://t.co/cRu3f1wOeE

[Venom Foundation @VenomFoundation]

🗳️ Venom Migration Voting Open 🗳️

The Venom DAO has submitted VIP-003: Migration to the Next-Generation Network Architecture, a proposal that, if passed, will see Venom move to a new, next-gen architecture.

The new protocol is ready for mainnet. It delivers:

• 150,000 TPS ⚡
• sub-second finality ⏱️
• advanced dynamic sharding 🧩
• improved PoS consensus, all while maintaining full backward compatibility 🔐

🎁 Vote & Receive 7,777 XP
Given the importance of the migration, it is only right that your participation get rewarded. Everyone who votes on the proposal will be eligible to receive 7,777 XP on https://t.co/CO9AXgTG6i during Season 6 of Venom Quests.

❓ Any Questions?
Leave them in the comments and we will put together an FAQ answering everything.

👉 Check out the full proposal and cast your vote here: https://t.co/Up1DT0nay3

[Venom Foundation @VenomFoundation]

🚀 Venom Migration to Next-Generation Protocol 🚀

We have some big news, Venom Community.

The Venom DAO has submitted VIP-003: Migration to the Next-Generation Network Architecture, a proposal that, if passed, will see Venom move to a new, next-gen architecture.

After a full year of rigorous testnet validation, the new protocol is ready for mainnet.

⚡️ What the upgrade brings:

• 150,000 TPS
• Sub-second finality
• Advanced dynamic sharding
• Improved PoS consensus
• Full backward compatibility

🔄 Key Migration Details:

• 1:1 token migration ($VENOM → new $VENOM)
• No changes to vesting or token supply
• One-way migration via official swap portal
• Old mainnet will remain operational for 6 months after launch
• All smart contracts, addresses, and products will continue working without modification

This upgrade is essential for Venom to become true settlement-grade infrastructure.

❓ Any Questions?
Leave them in the comments and we will put together an FAQ answering everything.

📄 Check out the full proposal here: https://t.co/Up1DT0nay3

It's time for Venom to reach its full potential.

[Venom Foundation @VenomFoundation]

🏆 New Venom x @origamitech_ Comp on KuCoin with 187,000 $VENOM Prize Pool 🏆

📅 Dates: 22 May 12:00 UTC - 5 Jun 12:00 UTC
⏳ Waitlist opens: 21 May 12:00 UTC

The more you trade, the higher your rank, the bigger your share of the winnings! 💰

👉 Get started here: https://t.co/hcehfJoOtR

Good luck! 🍀

[Venom Foundation @VenomFoundation]

🔥 Venom Network Launches Big Fee Burning Upgrade 🔥

50% of all transaction fees will be permanently burned at the protocol level. This creates continuous deflationary pressure on $VENOM: the more the network is used, the more tokens are removed from circulation.

Long-term holders win as adoption grows. 🔜 Implementation + timeline coming soon.