🚨 Suspected flash loan attack is sweeping through Venus Protocol!

Address 0x1a35…6231 just orchestrated a textbook manipulation:
💰 Collateralized massive 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 — leveraging massive liquidity to manipulate oracles or collateral valuations, borrowing other assets while allowing collateral to be liquidated.
THE price may face massive selling pressure, and Venus needs to urgently examine its price oracle mechanism and collateral factors.
The DeFi security alarm bells ring once again. Over-reliance on a single asset as collateral combined with lack of effective pricing protection has always been a hacker's cash machine.
#DeFi # Security Incident #VenusProtocol # Flash Loan Attack $THE