The post Venus Protocol Hit by $3.7M Flash Loan Attack on BNB Chain appeared first on Coinpedia Fintech News
Decentralized lending platform Venus Protocol has reportedly suffered a suspected flash-loan attack on its Core Pool on BNB Chain, leading to losses of more than $3.7 million.
On-chain data shows the attacker manipulated supply caps using the Thena (THE) token, allowing them to borrow multiple assets from the protocol.
How the Venus Protocol Attack Happened?
According to blockchain data, the attacker used an address starting with 0x1a35…6231 to exploit the system. The strategy began months earlier, when the attacker slowly accumulated around 84% of the THE supply cap (14.5M tokens) over nine months starting in June 2025.
The real exploit occurred when the attacker bypassed the normal deposit process by directly transferring tokens to the protocol contract.
This allowed them to exceed the supply cap and build a massive 53.2 million THE collateral position, whic
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