'Venus exploited for $40M' headline might be wrong.

I tested AI limits by feeding ChatGPT Thinking model with the tx. It can the read the explorer!

It says Venus worked as intended. If it's true, I won't need smart contract explanatooors anymore lol

Anyway, the AI read into the tx says the attacker abused approvals/signed auth from the whale wallet.

It used pre-approval to

- Repaid debt → unlocked collateral

- Borrowed USDC to self

- Redeemed vTokens to self

- Wallet drained. Protocol safe.

No idea if it's true, but if it is then:

- You should cancel approvals for all assets

- AI is next level

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