Security Incident · Exchange
Venus Protocol Donation Attack: $3.70M Reported Loss
Venus Protocol’s Core Pool THE (Thena) market was exploited.
- Reported loss
- $ 3,700,000
- Attack category
- Donation Attack
Incident Overview
The attacker accumulated THE tokens over 9 months, used a donation attack (direct transfer bypassing supply cap and mint) to inflate the vTHE exchange rate, combined with price manipulation borrow loops, extracted ~$3.7M in assets and left ~$2.15M in bad debt for the protocol.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.