According to PeckShieldAlert, the Venus Protocol's $THE market has been exploited, resulting in approximately $2.15 million in bad debt. The attacker withdrew 7,400 ETH from TornadoCash a month ago and borrowed $9.9 million to purchase $THE. They artificially inflated the exchange rate by donating 36.1 million $THE to the vTHE contract, bypassing the supply cap. Post-attack, Justin Sun, a top $XVS holder, deposited 621K $XVS ($1.95M) on HTX Global, while the BNB Bridge Exploiter, another major $XVS holder, still retains 135K $XVS (~$421K).

According to Lookonchain, a hacker successfully manipulated $THE's price and exploited Venus Protocol on the Binance Smart Chain (BSC), resulting in $2.18 million in bad debt. This incident highlights vulnerabilities in decentralized finance (DeFi) protocols and underscores the importance of robust security measures for trading platforms.

According to @OnchainLens, a wallet tied to Tornado Cash with 7,447 ETH ($16.29M) orchestrated a strategic liquidation cascade involving $CAKE and $THE on Venus Protocol. The attacker used ETH as collateral on Aave to borrow $9.92M in stablecoins, manipulated $THE prices on a centralized exchange, and deposited $THE into Venus to borrow assets like BTC, BNB, and CAKE. Shortly after, $THE's price crash triggered liquidations, resulting in $2.15M of unrepaid debt on Venus. The attacker likely profited ~$5.07M through short positions during the crash.

According to @EmberCN, an address that received 7,400 ETH from Tornado Cash initiated a liquidation event involving CAKE and THE tokens. This caused a $2.15 million deficit for Venus Protocol, while the hacker extracted approximately $5.07 million worth of assets, including 2,172 BNB, 1.516 million CAKE, and 20 BTC.

According to @ai_9684xtpa, a major investor who purchased 3.667 million $THE tokens at $0.2693 a month ago, capitalized on a price surge caused by a flash loan attack on the Venus protocol. The investor transferred all tokens to Binance and could potentially profit $729,000 if sold. This highlights the trading opportunities arising from unexpected market events.

According to @EmberCN, XVS fell about 40% in a single day from 5.3 dollars to 3.1 dollars during a sharp intraday drop. According to @EmberCN, a whale who used looping on Venus Protocol two days earlier to buy 532,000 XVS (about 2.81 million dollars) by borrowing 1.4 million USDT was hit by a liquidation during the flash move. According to @EmberCN, roughly 287,000 XVS (about 930,000 dollars) was liquidated, with total losses reported at approximately 1.09 million dollars.

According to @PeckShieldAlert, address 0x5636...2008 on Venus Protocol was liquidated for $3.44 million in vBNB and vUSDT. According to @PeckShieldAlert, the same address had previously been phished for $13 million on Venus, which was later recovered by the protocol.

According to @PeckShieldAlert, Venus Protocol has proposed an emergency governance vote to force-liquidate the attacker's position following a phishing attack, with voting requested within the next hour and the official vote link shared by @PeckShieldAlert.

According to @PeckShieldAlert, the loss for the phished Venus Protocol user has been corrected to approximately 13.5 million dollars after initial estimates were overstated by not excluding the debt position, and the update specifies this was a user-level phishing incident rather than a protocol exploit (source: @PeckShieldAlert, Sep 2, 2025).

According to @PeckShieldAlert, a Venus Protocol user lost about $27 million after approving a malicious transaction that granted token spending rights to attacker address 0x7fd8...202a, enabling asset transfers; source: @PeckShieldAlert. Given the user-targeted phishing vector and token-approval mechanism described, traders with exposure to Venus-related markets can prioritize allowance checks and monitor addresses interacting with 0x7fd8...202a for abnormal flows to gauge short-term risk; source: @PeckShieldAlert.

According to The Data Nerd, a large cryptocurrency holder, referred to as 'whale' with the address 0x4F1, has strategically prepared for Binance's upcoming launch-pool. This whale withdrew 326 BTCB, approximately valued at $28.95 million, from Binance and deposited it into Venus Protocol. This transaction was executed to borrow 30,000 BNB, which is planned to be staked in Binance's platform. This move highlights significant preparation and positioning among large holders in anticipation of new opportunities in the Binance ecosystem. Source: The Data Nerd via Twitter.

According to @OnchainDataNerd, 3 hours ago, whale 0x1E7 borrowed 80,000 BNB (~$58.55M) from Venus Protocol and deposited it into Binance. This coincides with Binance's Megadrop event involving Solv Protocol, indicating potential market impact.

According to @OnchainDataNerd, three hours ago, whale 0x1E7 borrowed 80,000 BNB worth approximately $58.55 million from Venus Protocol and subsequently deposited the entire amount into Binance. This significant transaction coincides with Binance's Megadrop event in collaboration with Solv Protocol.

According to @OnchainDataNerd, whale 0x1E7 borrowed 80,000 BNB ($58.55M) from Venus Protocol 3 hours ago and deposited it into Binance, coinciding with Binance's Megadrop event with Solv Protocol.

According to @0xScopescan, a cryptocurrency whale deposited 200 BTCB, valued at $11.6 million, into Venus Protocol. The whale then borrowed 14,000 BNB, worth $7.3 million, to participate in the TON launchpool on Binance. This significant movement of funds indicates a strategic investment in the TON launchpool.