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# Suspected Hacker Address Manipulates THE Price, Triggering Venus Protocol Liquidation Cascade with Profits Exceeding $5.07 Million
According to Sè Cái Finance, on March 16, a wallet address "0x7a7" that received 7,447 ETH (approximately $16.29 million) from Tornado Cash is suspected to be the mastermind behind the CAKE/THE liquidation cascade event on Venus Protocol. The attacker used ETH as collateral on Aave to borrow $9.92 million in stablecoins. Subsequently, they accumulated large quantities of THE and allegedly pumped the price on centralized exchanges, then deposited 36.1 million THE into Venus to borrow assets including BTC, BNB, and CAKE. Approximately 40 minutes later, THE price collapsed, triggering a chain reaction of liquidations that resulted in $2.15 million in bad debt for Venus. The attacker withdrew approximately $5.07 million in assets in total, with potential real profits being even higher—primarily from short positions on centralized exchanges during the price crash.