[Analysis: Address suspected of receiving 7,400 ETH from Tornado led tonight's CAKE and THE collateral liquidation event] Odaily Planet Daily News: According to on-chain analyst Yu Jin's monitoring, an address that received 7,400 ETH from Tornado (hacker?) led tonight's CAKE and THE collateral liquidation event, resulting in approximately $2.15 million in liquidation losses for Venus (1.18 million CAKE + 1.84 million THE). Meanwhile, the hacker obtained approximately $5.07 million in funds from Venus (2,172 BNB + 1.516 million CAKE + 20 BTC): 1. The address first received 7,400 ETH from Tornado through the 0x7a7...234 address, then deposited it into Aave as collateral to borrow $9.92 million (including USDT, DAI, USDC), which was subsequently transferred to multiple wallets to purchase THE. 2. Around 8 PM tonight, the individual likely pumped THE's price on a centralized exchange (CEX) (likely having set up long positions beforehand). Then, through two wallets, they deposited 36.1 million THE into Venus to borrow assets such as BTC, BNB, and CAKE. 3. Forty minutes later, THE's price plummeted (likely due to their closing long positions and opening shorts), causing their collateral on Venus to be liquidated, further driving THE's price down. Ultimately, the collateral in these two wallets was fully liquidated, but approximately $2.15 million (1.18 million CAKE + 1.84 million THE) in loans remained unpaid, resulting in a deficit for Venus. In summary, they borrowed $9.92 million to execute this operation but only obtained assets worth $5.07 million from Venus. While the on-chain activity itself does not appear profitable, it is speculated that they manipulated THE's price through on-chain liquidations to profit from their positions on the CEX.