Yesterday, BNB Chain lending protocol Venus Protocol suffered a carefully orchestrated attack. An address funded from Tornado Cash manipulated the price of low-liquidity token THE, triggering a cascade of liquidations. The attacker leveraged approximately $9.92 million in operations to ultimately extract about $5.07 million in assets from Venus, leaving behind $2.15 million in bad debt. This marks another major security incident for Venus since 2021.



This event once again exposes structural risks in the DeFi space—the combination of low-liquidity tokens and delayed oracles remains a breeding ground for price manipulation. More alarmingly, Venus experienced a similar "donation attack" in February of this year but failed to implement fundamental repairs.

For the crypto industry, this wake-up call is loud enough: security is not a one-time achievement, but rather a capability that requires continuous evolution. #比特币重新站上7万美元大关 $THE
BNB2.85%
XVS4.97%
BTC3.45%
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