News

BlockBeats News, March 16th, Venus Protocol released THE Fund Pool Exceptional Activity Update following the incident. In addition to the previous suspension of THE borrowing and withdrawal, the Collateral Factor (CF) of 7 markets has now been reduced to 0 as a precautionary measure against a single user holding an excessively high collateral ratio in the market. The 7 markets are BCH, LTC, UNI, AAVE, FIL, TWT, and lisUSD. All other markets remain unaffected and continue to operate normally. The preliminary assessment of the attack method indicates that the attacker started accumulating THE tokens slowly through normal deposit processes since June 2025, eventually holding 84% of the total supply (approximately 12.2 million THE). Yesterday, the hacker directly transferred THE tokens to the protocol contract, instantly boosting the supply and creating a huge amount of collateral. The attacker then engaged in recursive price manipulation, exploiting the protocol's low on-chain liquidity combined with TWAP oracle delay. The hacker initiated a loop: deposit THE, borrow other assets, use the borrowed assets to buy more THE on-chain, wait for the TWAP oracle update to raise the price. Venus stated that they are always committed to transparency and will release a full report after the investigation is concluded.

BlockBeats News, March 16th, according to the Financial Times, reported that Trump warned that if US allies do not assist in reopening the Strait of Hormuz, NATO will face a "very bad" future. "Those who benefit from the strait should help ensure that nothing bad happens there. Europe is highly dependent on oil from the Gulf region, unlike the United States. If there is no response, or the response is negative, I think the future of NATO will be very bad." When asked what kind of help he needed, Trump replied, "Any necessary help." He added that allies should send minesweepers, and Europe has far more minesweepers than the US. He hoped Europe would send commandos or other military forces to eliminate Iranians who cause "trouble" in the Gulf using drones and mines. Trump also warned that the US is prepared to launch new strikes against Iran's oil export hub, Kharg Island, and may target its oil infrastructure.

Golden Ten Data reported on March 16 that as oil prices surged, raising investor concerns about inflation and economic growth risks, the U.S. Treasury market has erased all gains made so far this year. A Bloomberg indicator tracking U.S. Treasury performance has turned negative for the year after falling 1.7% since the end of February. Stagflation fears have pushed yields higher, forcing Wall Street to lower its expectations for U.S. interest rate cuts over the next year. Morgan Stanley strategists, including Bradley Tian, stated: "Energy-driven inflation and policy uncertainty continue to put pressure on long-term U.S. Treasuries." Bonds in the United States, Japan, and Australia have all declined, and a global bond index has also erased its year-to-date gains. Bob Savage, Chief Market Macro Strategist at BNY Mellon, said: "Until the market gains confidence that the Iran conflict is stabilizing, geopolitical uncertainty and increased cross-asset volatility may persist in the short term."