Odaily Odaily reports that Venus Protocol announced on its X platform that, given the ongoing investigation into unusual activity within THE's liquidity pool, it has taken precautionary measures to immediately suspend all THE lending and withdrawals to prevent any further abuse. This measure will remain in effect until the investigation concludes. All other markets remain unaffected and will continue to operate normally.
Previous reports indicated that an address that received 7,400 ETH from Tornado orchestrated tonight's CAKE and THE collateral liquidation event, resulting in a liquidation deficit of approximately $2.15 million for Venus (1.18 million CAKE + 1.84 million THE), while the hacker obtained approximately $5.07 million from Venus (2,172 BNB + 1.516 million CAKE + 20 BTC).
