ChainCatcher report: Community messages indicate that Venus Protocol, a lending protocol on BNB Chain, appears to have been targeted by a flash loan attack, resulting in massive liquidations of the related token THE. According to KOL Tuyao DashiXiong, the attacker’s wallet currently holds assets worth approximately $3.6 million, including around 20 BTC, 1.5 million CAKE, and about 200 BNB. Meanwhile, liquidations of THE are still ongoing, with approximately 42 million THE tokens still pending liquidation, valued at around $14 million.
Venus Protocol Suspected of Flash Loan Attack; THE Token Faces Large-Scale Liquidation
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Summary
Venus Protocol is facing a suspected flash loan attack, triggering mass liquidations of THE tokens. According to ChainCatcher, the attacker’s wallet holds approximately $3.6 million in assets, including 20 BTC and 200 BNB. Over 42 million THE tokens, valued at around $14 million, remain pending liquidation. A protocol update is expected to address the issue. New token listings on BNB Chain continue to attract attention amid the ongoing incident.
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