Venus Protocol Hit by THE and CAKE Liquidation Cascade: Attackers Gain $5.07M in Profit
ByAinvest
Monday, Mar 16, 2026 5:32 am ET1min read
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A wallet received 7,447 ETH from Tornado Cash, borrowed $9.9M on Aave, and built a large THE position on Venus, triggering liquidations in THE and CAKE. The wallet gained about $5.07M in profit, while Venus Protocol was left with $2.15M bad debt. The attack involved complex DeFi trading on BNB Chain.
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