Venus Protocol is suspected to have suffered a flash-loan attack, resulting in the theft of over $3.7 million. The attacker, identified by the address 0x1a35…6231, reportedly acquired approximately 20 BTC, 1.5 million CAKE, and 200 BNB. The attack involved using a large amount of THE as collateral to borrow CAKE, BTCB, and BNB on the platform. Following the attack, tens of millions of THE tokens used as collateral are currently undergoing liquidation. The incident highlights ongoing vulnerabilities in decentralized finance protocols, particularly concerning flash-loan exploits.