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Venus Protocol hit by $3.6M exploit on BNB Chain involving THE token loops
Venus Protocol, a BNB Chain lending platform, lost about $3.6 million after an attacker manipulated THE token liquidity to amplify borrowing through repeated flash-loan-style loops. The attacker had accumulated roughly 14.5 million THE (about 84% of circulating supply) and later cycled exposure to around 53.2 million THE. Venus suspended the THE market and tightened collateral rules, flagging six tokens including BCH, LTC, UNI, AAVE, FIL, and TWT.