Venus Protocol: Anomalistic Activity Detected in THE Pool, Actively Investigating

March 15: Venus Protocol has issued an update regarding ongoing investigations into abnormal activity in THE Pool. To prevent further abuse, the protocol has immediately suspended all borrowing and withdrawal operations for THE Pool. This measure will remain in effect until the investigation concludes. Other markets are unaffected and will continue operating normally.

March 15 — On-chain analyst Yu Jin reports that an address linked to 7,400 ETH from Tornado Cash (suspected of being a hacker) triggered a CAKE and THE collateral liquidation event on Venus Protocol tonight. The incident left Venus with an estimated $2.15 million liquidation shortfall (equivalent to ~1.18 million CAKE and 1.84 million THE), while the address had borrowed roughly $5.07 million in assets from Venus (including 2,172 BNB, 151,600 CAKE, and 20 BTC). Here’s the detailed process: 1. The address first received 7,400 ETH from Tornado Cash via the wallet 0x7a7...234. 2. It then borrowed ~$9.92 million in stablecoins (USDT, DAI, USDC) using Aave as collateral, dispersing funds to multiple wallets to buy THE. 3. Around 8:00 PM ET tonight, the address allegedly pumped THE’s price on a centralized exchange (CEX) — likely to set up long positions in advance — before depositing 36.1 million THE into Venus via two wallets as collateral to borrow BTC, BNB, CAKE, and other as

The International Energy Agency (IEA) announced on March 15 that oil from its emergency reserves will soon hit the global market. Emergency stockpiles from Asian and Oceanian countries will be available immediately, while those from Europe and the Americas will be accessible by the end of March. (FXStreet)

Aave Releases Postmortem on March 12 Swap Event On March 12, 2026, a user executed a token swap via the CoW Swap router integrated into the Aave interface, attempting to exchange 50,432,688 aEthUSDT (≈$50.43 million) for aEthAAVE. The order was disproportionately large relative to available market liquidity, leading CoW Swap to provide an extremely unfavorable quote—which the user confirmed. Notably, the Aave protocol itself was never at risk, as the swap occurred outside the protocol via the third-party service. The affected user has not yet contacted the Aave team. A key takeaway: The issue stemmed from insufficient market liquidity (not slippage). Insufficient liquidity means the market couldn’t fulfill the large order at the target price, causing severe price deviation. The user’s order far exceeded available liquidity, with CoW Swap’s quote being 99.9% lower than the expected market clearing price. The negative outcome resulted from the user confirming the quote, not pric

On March 15, Sky Protocol (formerly MakerDAO) announced its Sky Governance Committee has approved the allocation of approximately $70 million in USDS from Genesis Capital to support the remaining bootstrapping phase of Sky Agent. This marks a key step toward building an independent capital allocator network to back the Sky Savings Rate. The breakdown is as follows: $10 million to Keel; $25 million to Amatsu (a new execution Agent); $25 million to Ozone (another new execution Agent); and $10 million to an undisclosed Sky Agent. All allocations will go into effect after voting concludes on March 26, with this Genesis Capital distribution being the final one. The funds remain under protocol control, held in a separate sub-account managed by Sky Governance. Once an Agent launches its token, the allocated funds will be transferred to that Agent’s operational treasury.

On March 15, Argentine outlet El Destape reported that forensic experts have uncovered an unpublicized document from intermediary Mauricio Novelli’s phone detailing a $5 million payment agreement tied to the Libra token scam—with funds primarily targeting Argentine President Milae. The document outlines a three-part plan: - A $1.5 million advance (in tokens or cash); - A second $1.5 million installment, contingent on Milae tweeting that Hayden Davis (CEO of Kelsier Ventures) is her advisor; - A final $2 million payment, contingent on Milae and her sister Karina signing an in-person contract for blockchain/AI government consulting. Dated February 11, 2025, the document was created just three days before Milae’s related tweets and the launch of the Libra token. Call logs have also raised eyebrows: Forensic reports show Milae had multiple calls with Novelli minutes before and after the tweet, plus frequent contact with Karina. After the token’s price crashed that evening, M