Decentralized Lending Protocol Hacked: Theft of $3.7 Million in Assets and Liquidation of 42 Million Tokens

A cryptocurrency platform, Venus Protocol, has been hacked, resulting in a flash loan attack. The attacker borrowed assets from the protocol using THE tokens as collateral, making millions of dollars in profit. The incident has led to the liquidation of 42 million THE tokens, valued at around $14 million, with liquidation processes still ongoing. The price of THE has plummeted following the hack.