BREAKING: Tornado Cash-Funded Address Triggers $2.15M Bad Debt on Venus Protocol via
$THE Token Manipulation
According to on-chain analyst
@EmberCN, an address that received 7,400
$ETH from Tornado Cash (possibly linked to a hacker) triggered a major liquidation event on Venus Protocol tonight (March 15, 2026), causing about $2.15 million in bad debt
The address (via 0x7a7…234) got 7,400 ETH from Tornado Cash → deposited it on Aave to borrow ~$9.92 million in stablecoins (USDT, DAI, USDC) → spread funds across wallets to buy a large amount of THE.
Manipulation steps:
- Around 8:00 PM, they likely pumped
$THE price on centralized exchanges (CEXs, possibly while holding long positions) → deposited 36.1 million THE into Venus as collateral via two wallets → borrowed assets like
$BTC,
$BNB,
$CAKE (total borrowed from Venus: ~$5.07 million - 2,172
$BNB, 1.516 million
$CAKE, 20
$BTC).
- About 40 minutes later,
$THE price crashed (suspected closing longs and opening shorts) → collateral value dropped fast → Venus force-liquidated positions → this accelerated the price drop further.
Both wallets were fully liquidated, but Venus was left with ~$2.15 million unpaid debt (1.18 million
$CAKE 1.84 million
$THE). No direct on-chain profit from the ~$5M borrowed assets, but likely profited from short positions on CEXs by triggering the chain liquidations to crash THE price.
@VenusProtocol has paused borrowing/withdrawing THE to investigate. This highlights risks in low-liquidity assets on lending protocols. According to the team, the decision was made as a precautionary measure to prevent further potential abuse. The suspension of these functions will remain in effect until the investigation is completed.
Importantly, all other markets on Venus Protocol remain unaffected and will continue operating normally.
$THE crashed nearly 65% due to this accident!
一个从 Tornado 收到 7400 枚 ETH 的地址 (黑客?),主导了今天晚上 CAKE 和 THE 的抵押品清算事件。
导致了 Venus 产生约 $215 万的清算亏空 (118 万 CAKE 184 万 THE),而黑客从 Venus 拿到了约 $507 万资金 (2,172 BNB 151.6 万 CAKE 20 BTC)。
1⃣先是通过 0x7a7...234 地址从 Tornado 收到 7,400 枚 ETH,然后存进 Aave 抵押借款 992 万 U (包括 USDT、DAI、USDC) 再转移到多个钱包用于购买 THE。
debank.com/profile/0x7a79969…
2⃣今晚 8 点左右,他应该是在 CEX 里拉升了 THE 价格 (应该之前还部署了多单)。然后通过 2 个钱包把 3610 万枚 THE 存进 Venus,借出 BTC、BNB、CAKE 等资产。
debank.com/profile/0x737bc98…
debank.com/profile/0x1a35bd2…
3⃣40 分钟后 THE 价格暴跌 (很可能是他的平多开空),他在 Venus 上的抵押品被清算并助推 THE 价格进一步下跌。最终这两个钱包的抵押品被全部清算完,但还剩下约 $215 万 (118 万 CAKE 184 万 THE) 的借款尚未偿还,成为了 Venus 的亏空。
4⃣总的来说,他是借了 992 万 U 出去搞事,但从 Venus 上借出的资产也只价值 $507 万。单看链上虽然并不赚钱,但我猜他应该是通过链上清算来主导 THE 的下跌从而使他在 CEX 里的仓位盈利。
----------------------------------------------------
#Bitget VIP 费率更低,福利更狠!买美股秒级入场