Venus Protocol Suspected of Flash Loan Attack, THE Experiences Large-Scale Liquidation

Odaily News According to community reports, the BNB Chain lending protocol Venus Protocol is suspected of being targeted by a flash loan attack, leading to large-scale liquidations of the related token THE.

As disclosed by KOL Aussie Big Brother, the attacker's wallet currently holds assets worth approximately $3.6 million, including about 20 BTC, 1.5 million CAKE, and around 200 BNB. Meanwhile, the liquidation of THE is still ongoing, with approximately 42 million THE (valued at around $14 million) currently awaiting liquidation.