Venus Protocol Bleeds $3.7M in Cunning Supply Cap Exploit
Crypto

Venus Protocol Bleeds $3.7M in Cunning Supply Cap Exploit

20 hours agoCoinTelegraph via AI

DeFi giant Venus Protocol suffered a staggering $3.7 million loss after falling victim to a sophisticated "supply cap" exploit. In a cunning maneuver, a threat actor leveraged Thena tokens to manipulate the platform’s logic, effectively bypassing critical security barriers meant to regulate asset availability. This breach allowed the attacker to skirt maximum supply limits and illicitly borrow a diverse range of digital assets. The incident underscores the persistent vulnerabilities in decentralized finance, sparking renewed concern over protocol safety as the Venus team moves to contain the fallout.