Venus Protocol Hack on BNB Chain: $3.7M Stolen, Six Markets Collateral Frozen

Venus Protocol on BNB Chain suffers a $3.7M theft and collateral freezes across six markets after a price-manipulation attack, with Tornado Cash involved.

Rich by Coin

2026-03-15

A breach struck Venus Protocol, the largest lending platform on the BNB Chain, with attackers exploiting low liquidity in the THE token to siphon about $3.7 million in digital assets and subsequently freezing collateral across six markets. Venus confirmed abnormal activity in the THE and CAKE markets as part of the incident.

On-chain researchers note the attacker built a large THE position, pushing the price from roughly $0.27 to nearly $5.00. The address is said to have received 7,400 ETH via the Tornado Cash mixer before executing the attack. Venus adjusted the collateral factors to 0 for BCH, LTC, UNI, AAVE, FIL, and TWT in response to the breach.

Venus has faced prior security challenges, with notable losses dating back to 2021. Total deposits have declined from a peak near $70 billion to around $14.7 billion. The attacker address is identified as 0x1a35…6231, and THENA reported their security system detected the incident around 12:00 UTC; the smart contract itself was not breached.