DruXiaodong

It seems some folks still don't quite understand what happened.
Simply put, it appears the attacker controlled a large amount of $THE , then exploited a vulnerability in Venus Protocol that allows collateralizing $THE to borrow hard currency. They then pumped $THE on the market—since there wasn't much liquidity, a small amount of money was enough to do it.
Venus's oracle reads on-chain prices, so instantly the $THE they deposited became very valuable. Then they went crazy borrowing out BTC, Cake, BNB and other assets.
After that, they crashed the $THE price, causing themselves to become in

$THE has already gone bad. Looking at the attacker's wallet, they already have $3.6M in assets. It doesn't seem like a huge loss, but it's recommended that anyone with funds inside first withdraw them.
They got away with 20 BTC, 1.5M Cake, and 200 BNB.
In addition, the liquidation of $THE is still ongoing. There are 42M THE waiting to be liquidated inside, valued at $14M.