Techub News reports that Venus Protocol has released an update on the THE market attack. Venus Protocol stated that the attack affected the Venus Core market, while Venus Flux remains unaffected and will continue to operate normally. Furthermore, this was not a flash loan attack, and Venus's oracles did not malfunction. The attackers accumulated THE over the past nine months and exploited a supply cap enforcement vulnerability in the protocol's legacy code, bypassing the 14.5 million THE supply cap by directly transferring funds to the protocol contract. Subsequently, the attackers manipulated the THE price by exploiting the low liquidity of on-chain DEXs, driving up the price and injecting it into the market to continuously amplify the value of their collateral. Currently, Venus has suspended the THE market and set its collateralization factor (CF) to zero. As a precaution, it has also suspended collateralization functionality in the BCH, LTC, AAVE, POL, FIL, TWT, UNI, and LISUSD markets. The team is investigating with security partners and will release a full audit report and strengthen supply cap enforcement and price monitoring mechanisms in the future.