Venus THE's liquidation bonus was priced from a thin XVS spot pool that the attacker manipulated via flash-loan. DeFiHackLabs reconstructs the on-chain liquidateBorrow drain.
Logged as “2026-03-15: Borrowbehalf Donation Attack on Venus THE”.
Venus THE's Comptroller had a liquidateBorrow path that credited the liquidator with the borrower's collateral against a thin XVS pool whose price was already manipulated. The attacker prepared the thin pool flash-loan trade, then called liquidateBorrow and walked the bonus out.
DeFiHackLabs reconstructs the sequence against the live BNB Chain state; total loss is captured in the PoC.
What would have prevented it: a liquidation bonus priced against a TWAP-protected oracle, not the spot price of a thin XVS pool.
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Updated 14 Oct 2026. Figures are as reported by the sources listed above and are not independently verified.