Venus Protocol has temporarily suspended its operations after users fell victim to a phishing attack. To safeguard assets, the protocol has initiated an emergency proposal for a swift recovery plan. The proposal includes a partial resumption of services within 5 hours to allow debt repayment and fund replenishment. Additionally, a forced liquidation of the attacker's wallet is scheduled within 7 hours. A comprehensive security review is set to be completed within 24 hours to prevent future attacks, after which full operations will resume.