Venus Protocol exploited for $3.7M through supply-cap manipulation

Venus Protocol suffered a suspected exploit of about $3.7 million in which an attacker used an illiquid token as collateral to extract funds from the platform.
AI Analysis
The article reports a suspected ~$3.7M exploit on Venus Protocol and states the attacker used an illiquid token as collateral; those facts imply direct loss and elevated counterparty/liquidity risk for the protocol and its markets, which is likely to prompt short-term trader reactions.