Trader Earns $15K by Shorting Venus THE Token After Exploit Unravels

A trader earned $15K by shorting Venus THE token after an exploit unraveled, pushing the price from cents to nearly $5. The attacker used a recursive borrowing strategy, flooding the market with tokens and triggering a sharp collapse across DeFi markets. The trader capitalized on the final stage of the attack by opening a short position. The incident highlights the risk of decentralized finance vulnerabilities and the potential for aggressive manipulation tactics.