Venus Protocol Hit by Code Exploit, Causing Over $3.7 Million In Losses

Inside the $3.6mln Venus Protocol exploit on BNB Chain

Venus Protocol loses $3.6M after a flash loan exploit manipulating THE token liquidity, forcing market pauses and tighter collateral rules.

Venus Protocol Detects $3.7M Supply Cap Attack on THE Pool

The attack is one of the more noteworthy decentralised finance security incidents of this year.  The overall losses via crypto hacks slipped to $49 million in February, the lowest monthly figure in around a year.  On March 15, Venus Protocol revealed that it has found some suspicious trading activity in its liquidity pool for the Thena (THE) token. For clarification, Venus operates as a lending and borrowing platform, and THE is the native token…

Venus Protocol Exploit Prompts Market Freeze And Security Re

An attack on Venus Protocol exploited THE token collateral to obtain digital assets. Venus responded by freezing several high-risk markets and pausing certain withdrawals. Continue Reading:Venus Protocol Exploit Prompts Market Freeze And Security Review The post Venus Protocol Exploit Prompts Market...

Venus Protocol Flash Loan Attack Causes $3.7M Loss on BNB Chain

TLDR: Venus Protocol lost $3.7M in a flash loan attack using THE token as collateral. THE token price surged to $0.563 before collapsing to $0.22 during liquidation events. Six Venus markets including BCH and LTC were temporarily frozen after the exploit. Borrowing and withdrawals for THE token paused while investigation continues. Venus Protocol flash loan attack on BNB Chain caused over $3.7 million in losses. THE token was exploited to manip…

Venus Protocol Hit by $3.7M Supply-Cap Attack

Venus Protocol, a decentralized lending and borrowing platform, reported on Sunday that it detected suspicious trading activity in the liquidity pool for the Thena (THE) token, the native asset of the Thena DeFi protocol. The anomaly appeared to affect only two pools—CAKE, the native token of PancakeSwap, and THE—and prompted an immediate, precautionary pause on all borrows and withdrawals related to THE. The pause will remain in place while inv…

Venus Protocol Hit by $3.7M Flash Loan Attack on BNB Chain - Invest In Crypto News

Decentralized lending platform Venus Protocol has reportedly suffered a suspected flash-loan attack on its Core Pool on BNB Chain, leading to losses of more than $3.7 million.  On-chain data shows the attacker manipulated supply caps using the Thena (THE) token, allowing them to borrow multiple assets from the protocol. How the Venus Protocol Attack Happened? According to blockchain data, the attacker used an address starting with 0x1a35…6231 to…