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Suspected $3.7M Exploit Hits Venus Protocol After Attacker Uses Illiquid Token as Collateral

Venus Protocol, a decentralized finance ( DeFi) lending platform on BNB Chain, is investigating unusual activity after an address allegedly used the illiquid $THE token as collateral to extract roughly $3.7 million in di...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Suspected $3.7M Exploit Hits Venus Protocol After Attacker Uses Illiquid Token as Collateral
Venus Protocol, a decentralized finance ( DeFi) lending platform on BNB Chain, is investigating unusual activity after an address allegedly used the illiquid $THE token as collateral to extract roughly $3.7 million in digital assets before large-scale liquidations began. Suspected $3.7M Venus Protocol Exploit Hits BNB Chain Lending Markets Onchain and social media alerts first […]

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BNB is showing up inside the Security Incidents theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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