[Venus Protocol Clarification: No Exploit Incident Occurred, Bad Debt Caused by Oracle Price Error] According to a report by Golden Finance, Venus Protocol stated on social media that no exploit incident occurred on Venus Protocol. On October 10, the market experienced extreme volatility, which resulted in bad debt. This bad debt was not caused by any smart contract exploit but rather due to a deviation in the price reporting by the oracle. The liquidation process of the Venus Protocol was executed as expected and functioned normally.