Venus Protocol hit by $3.7M in 'supply cap' attack

Venus Protocol suffered a $3.7 million exploit where an attacker manipulated Thena tokens to bypass the platform's maximum supply cap restrictions. The threat actor was able to borrow multiple digital assets by exploiting this vulnerability in the protocol's supply cap mechanism.

• →Venus Protocol lost $3.7 million in a supply cap manipulation attack.
• →The attacker used Thena tokens to bypass maximum supply cap restrictions.
• →Multiple digital assets were borrowed through the exploitation of this vulnerability.
• →The attack demonstrates risks in DeFi lending protocol supply cap mechanisms.
• →This incident highlights the ongoing security challenges facing decentralized finance platforms.