Venus Protocol: THE lending and withdrawal have been suspended

SmartContractAuditor · 2026-03-15T15:46:46+00:00

Venus Protocol announced a suspension of all THE borrowing and withdrawals to prevent further abuse from abnormal activities in the liquidity pool. The investigation will continue. Meanwhile, other markets are operating normally. The collateral liquidation event that occurred previously resulted in approximately $2.15 million in losses, with hackers obtaining approximately $5.07 million in funds.

SmartContractAuditor

2026-03-15 15:46:46

Abstract generation in progress

Odaily Planet Daily reports that Venus Protocol announced on X platform that, due to ongoing investigations into abnormal activities in the THE liquidity pool, preventive measures have been taken to immediately suspend all THE borrowing and withdrawals to prevent any further abuse. This measure will remain in effect until the investigation is complete. All other markets are unaffected and will continue to operate normally.

Earlier, it was reported that an address receiving 7,400 ETH from Tornado Cash led tonight’s collateral liquidation event of CAKE and THE, resulting in approximately $2.15 million in liquidation losses for Venus (118,000 CAKE + 1.84 million THE). The hacker obtained about $5.07 million from Venus (2,172 BNB + 1.516 million CAKE + 20 BTC).

ETH9,78%

CAKE2,21%

BNB2,36%

BTC3,15%

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