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TechFlow reports that, on March 15, Venus Protocol appears to have suffered a flash loan attack, according to on-chain data. The attacker’s address (0x1a35...6231) has acquired 20 BTC, 1.5 million CAKE, and 200 BNB—valued at over $3.7 million in total. The attacker used a large amount of THE as collateral on Venus to borrow CAKE, BTCB, and BNB; meanwhile, millions of THE tokens pledged as collateral are currently undergoing liquidation.
According to on-chain data, Venus Protocol appears to have suffered a flash loan attack. The attacker’s address (0x1a35...6231) has acquired 20 BTC, 1.5 million CAKE, and 200 BNB—totaling over $3.7 million. On Venus, the attacker used a large amount of THE as collateral to borrow CAKE, BTCB, and BNB; millions of THE tokens pledged as collateral are now undergoing ongoing liquidation.
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