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🚨 Suspected flash loan attack sweeping Venus Protocol!
Address 0x1a35…6231 just orchestrated 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 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. Venus needs to urgently inspect its price oracle mechanisms and collateral factors.
DeFi security alarm bells ringing again — over-reliance on single assets as collateral combined with lack of effective pricing protection is perpetually a hacker's ATM.
#DeFi # Security incident #VenusProtocol # Flash loan attack $THE