Collateral Manipulation in DeFi Lending: How Venus Protocol Lost $3.7M to an Illiquid Token Exploit

Yesterday — March 15, 2026 — Venus Protocol on BNB Chain lost $3.7 million to a textbook collateral manipulation attack. The attacker exploited the low-liquidity THENA ($THE) token, inflating its price from $0.27 to nearly $5, then borrowing BTCB, CA...