On-chain data suggests that Venus Protocol may have been subjected to 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. The address borrowed CAKE, BTCB, and BNB from Venus using a large amount of THE as collateral, and tens of millions of THE are currently being liquidated.
Venus Protocol Suspected of Suffering Flash Loan Attack; Attacker Gains Over $3.7M
TechFlowShare
Summary
Venus Protocol is under investigation after on-chain data revealed a suspected flash loan attack. The attacker (0x1a35...6231) acquired 20 BTC, 1.5 million CAKE, and 200 BNB, valued at over $3.7 million. Using THE as collateral, the address borrowed large amounts of CAKE, BTCB, and BNB. The Fear & Greed Index remains volatile as millions of THE are now being liquidated.
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