DeFi just got hit again


suspected $3.7M exploit on Venus Protocol (BNB Chain) after a trader used the low-liquidity token $THE as collateral
Borrowed
-> 20 BTC
-> 1.5M CAKE
-> 200 BNB
Classic playbook--> flash loan plus price manipulation
Low liquidity collateral is still one of DeFi biggest risks
BNB2,18%
BTC2,01%
CAKE7,3%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin