Today's Venus lending incident, here's a quick breakdown: Background 1: There's a proposal to delist THE from the core lending pool tomorrow. Background 2: Someone withdrew 4,500 ETH through Tornado Cash before 10/11, used it as collateral on Aave to borrow stablecoins, and kept accumulating THE (reportedly at a cost of 14 million). Today, a person (suspected hacker?) took all the THE from six addresses that had been hoarding it, deposited it into Venus in one go, and borrowed CAKE, BTC, and BNB. By driving up THE's price, they borrowed even more (no flash loan attack, just normal lending). Then, they let the lending pair auto-liquidate, leaving Venus with bad debt worth $1.7M in CAKE (1.18 million CAKE). Currently, this person's address (0x1a35bd28efd46cfc46c2136f878777d69ae16231) holds 37,488,500 THE, along with 1,183,952 CAKE debt on Venus (which Venus will have to absorb). If it's a hacker, disregarding costs, it seems logical; if not, it's... very strange. Either way, Venus's loss is confirmed.