Post #5851

🚨 A wallet "0x7a7" that received 7,447 $ETH ($16.29M) from Tornado Cash appears to be behind the $CAKE / $THE liquidation cascade on Venus Protocol. The attacker: • Used the $ETH as collateral on #Aave to borrow $9.92M in stables • Accumulated $THE and likely pumped the price on a CEX • Deposited 36.1M $THE into Venus and borrowed assets like $BTC, $BNB, and $CAKE ~40 minutes later, $THE crashed, triggering liquidations. Result: • $2.15M bad debt for Venus (1.18M $CAKE and 1.84M $THE remain unrepaid) • Attacker extracted ~$5.07M in assets The real profit likely came from short positions on CEXs during the crash. https://debank.com/profile/0x7a79969a0b9d51d922c4810d2950560360f6f234 https://debank.com/profile/0x1a35bd28efd46cfc46c2136f878777d69ae16231 https://debank.com/profile/0x737bc98f1d34e19539c074b8ad1169d5d45da619 https://x.com/OnchainLens/status/2033358389401838015 Follow @onchainlens for more onchain updates