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🚨 Suspected flash loan attack is sweeping through Venus Protocol!
Address 0x1a35…6231 just pulled off a textbook manipulation:
💰 Collateralized large amounts of THE
💸 Borrowed approximately 20 BTC, 1.5 million CAKE, and 200 BNB
📊 Total value exceeding $3.7 million
⚠️ Tens of millions of THE collateral facing liquidation
This is yet another typical flash loan attack — using massive liquidity to manipulate oracles or collateral valuations, borrowing other assets while allowing the collateral to be liquidated.
THE price could face massive selling pressure, and Venus needs to urgently review its price oracle mechanisms and collateral factors.
DeFi security alarms are ringing again — over-reliance on a single asset as collateral combined with a lack of effective pricing protection has always been a hacker's ATM.
#DeFi # Security Incident #VenusProtocol # Flash Loan Attack $THE