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Venus Protocol Allegedly Suffers Flash Loan Attack, THE Experiences Massive Liquidations
Mars Finance reports that community sources indicate BNB Chain lending protocol Venus Protocol may have been targeted by a flash loan attack, resulting in a large-scale liquidation of the related token THE. According to KOL Australia Master Brother, the attacker’s wallet currently holds assets worth approximately $3.6 million, including about 20 BTC, 1.5 million CAKE, and around 200 BNB. Meanwhile, THE liquidation is ongoing, with approximately 42 million THE still awaiting liquidation, valued at about $14 million.