Address receiving 7,400 ETH from Tornado triggers $2.15M liquidation on Venus

According to on-chain analyst Yujin, an address that received 7,400 ETH from Tornado (possibly a hacker) orchestrated today’s collateral liquidation events for CAKE and THE, resulting in approximately $2.15 million in liquidation losses for Venus (1.18 million CAKE + 1.84 million THE), while the hacker extracted around $5.07 million from Venus (2,172 BNB + 1.516 million CAKE + 20 BTC): 1. The address first received 7,400 ETH via the address 0x7a7...234 from Tornado, then deposited it into Aave to borrow 9.92 million U (including USDT, DAI, and USDC), which was subsequently transferred to multiple wallets to purchase THE. 2. Around 8 PM tonight, he likely pushed up the price of THE on a CEX (possibly having previously established long positions). He then deposited 36.1 million THE into Venus via two wallets and borrowed assets such as BTC, BNB, and CAKE. 3. Forty minutes later, the price of THE crashed sharply (likely due to his closing of longs and opening of shorts), triggering liquidation of his collateral on Venus and further driving down the price of THE. Ultimately, the collateral in both wallets was fully liquidated, leaving approximately $2.15 million in unrealized losses (1.18 million CAKE