Venus Protocol Linked to Suspected Flash Loan Exploit as Attacker Gains Over $3.7M in Crypto
Venus Protocol is suspected to have been targeted in a flash loan-style incident in which address 0x1a35...6231 obtained 20 BTC, 1.5 million CAKE, and 200 BNB worth more than $3.7 million, onchain data show. The address reportedly borrowed CAKE, BTCB, and BNB from Venus by posting a large quantity of THE tokens as collateral. Tens of millions of THE are now in the process of being liquidated.