Digital Asset
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Security Incident · Exchange

Venus Protocol Donation Attack: $3.70M Reported Loss

·Historical incident record

Incident Overview

Venus Protocol’s Core Pool THE (Thena) market was exploited. The attacker accumulated THE tokens over 9 months, used a donation attack (direct transfer bypassing supply cap and mint) to inflate the vTHE exchange rate, combined with price manipulation borrow loops, extracted ~$3.7M in assets and left ~$2.15M in bad debt for the protocol.

Sources & References

Original incident referencehttps://x.com/VenusProtocol/status/2033241018704044377 (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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