The attacker manipulated the THE token market, borrowed assets, and sold THE, causing a 17% price drop and liquidations, with estimated profits of $3.7-5.8 million.
Venus' XVS token plunges 9% as exploit leaves protocol with bad debt
AI IMPORTANCE: 8/10
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AI INSIGHT
Venus' XVS token plunges 9% after exploit leaves protocol with bad debt; attacker manipulated THE token market, borrowed assets, and sold THE, causing a 17% price drop and liquidations, with estimated profits of $3.7-5.8 million.
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