Venus Protocol is suspected of being attacked by a flash loan, leading to large-scale liquidations of THE

Community news indicates that the BNB Chain lending protocol Venus Protocol has allegedly suffered a flash loan attack, resulting in large-scale liquidations of the related token THE. According to KOL 土澳大师兄, the attacker’s wallet currently holds assets worth approximately 3.6 million USD, having obtained about 20 BTC, 1.5 million CAKE, and around 200 BNB.

At the same time, the liquidation of THE is still ongoing, with approximately 42 million THE awaiting liquidation, valued at about 14 million USD.