Venus (XVS), a money market on BNB Chain, saw its governance token THE drop over 9% following a $2.15 million attack on its Thena market. The attacker accumulated large amounts of THE tokens through Tornado Cash and manipulated the market exchange rate to borrow assets, causing a price crash and triggering mass liquidations. Venus has suspended THE lending, zeroed out its collateral value, and tightened rules for other risky markets. Venus stated that users outside the affected liquidity pools suffered no losses. The governance layer will decide how to cover losses through the protocol's risk fund.

BNB-0,49%
XVS-5,35%
THE-4,37%
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