Analysis: Address suspected of receiving 7,400 ETH from Tornado leads tonight's CAKE and THE collateral liquidation event

According to on-chain analyst Yu Jin's monitoring, an address that received 7,400 ETH from Tornado (a hacker?) led the collateral liquidation event for CAKE and THE tonight, resulting in a liquidation shortfall of approximately $2.15 million (1.18 million CAKE + 1.84 million THE) on Venus, while the hacker obtained about $5.07 million in funds (2,172 BNB + 1.516 million CAKE + 20 BTC) from Venus:

1. The address first received 7,400 ETH from Tornado via address 0x7a7...234, then deposited it into Aave as collateral to borrow 9.92 million USD (including USDT, DAI, USDC), which was transferred to multiple wallets to purchase THE.

2. Around 8 PM tonight, he likely pumped the price of THE on CEX (presumably having opened long positions earlier). Then, using 2 wallets, he deposited 36.1 million THE into Venus and borrowed assets such as BTC, BNB, and CAKE.

3. 40 minutes later, the price of THE plummeted (likely due to him closing longs and opening shorts), his collateral on Venus was liquidated, further pushing down THE's price. Ultimately, the collateral in these two wallets was completely liquidated, but approximately $2.15 million (1.18 million CAKE + 1.84 million THE) in borrowed assets remained unpaid, becoming a shortfall for Venus.

In summary, he borrowed 9.92 million USD, but the assets he borrowed from Venus were only worth $5.07 million. Looking solely on-chain, he didn't profit, but it is speculated that he used the on-chain liquidation to drive down THE's price, thereby profiting from his positions on CEX.