11h ago
Venus Protocol suffers $3.7M supply cap exploit involving Thena and CAKE pools
Venus Protocol, a decentralized lending and borrowing platform, reported suspicious activity in its Thena (THE) and Cake (CAKE) pools tied to a suspected supply cap exploit exceeding $3.7 million. The attacker allegedly accumulated about 84% of THE’s market cap and then used the tokens as collateral to borrow multiple assets, prompting Venus to pause borrows and withdrawals for THE and some low-liquidity tokens.