Yes

>>A suspected $3.7 million exploit strikes Venus Protocol after an attacker employs an illiquid token for collateral.

A suspected $3.7 million exploit strikes Venus Protocol after an attacker employs an illiquid token for collateral.

crypthub

3 days ago

Unusual Activity Under Review

Venus Protocol, a decentralized finance lending platform operating on the BNB Chain, is currently investigating irregular activity. An address is alleged to have used the illiquid $THE token as collateral to withdraw approximately $3.7 million in digital assets. This extraction occurred before a wave of large‑scale liquidations began.

Potential $3.7M Exploit

The incident is being described as a suspected $3.7 million exploit targeting Venus Protocol’s lending markets on BNB Chain. Alerts about the event first appeared on‑chain and were subsequently highlighted across social media channels.

A suspected $3.7 million exploit strikes Venus Protocol after an attacker employs an illiquid token for collateral.

Unusual Activity Under Review

Potential $3.7M Exploit

A suspected $3.7 million exploit strikes Venus Protocol after an attacker employs an illiquid token for collateral.