Venus Protocol: THE Borrowing and Withdrawal on Hold; Other Markets Proceed Unhindered

By: crypto insight|2026/03/16 05:00:01

Key Takeaways:

Venus Protocol has suspended all borrowing and withdrawal activities for THE to prevent further abuses.
Investigation is ongoing for abnormal activities within THE Pool, contributing to a ~$2.15 million liquidation shortfall.
A whale’s actions transferring 3,667,000 THE to Binance raised $729,000 in profits post-“mooning.”
In other notable transactions, the ShapeShift founder bought 8,576 ETH with 17.75 million USDT over just five days.
A whale sustained a notable loss of $1.28 million after an eight-month gap by depositing 210,000 TRUMP into Gate.

WEEX Crypto News, 2026-03-15 18:11:45

Venus Protocol’s Preventive Suspension

Venus Protocol, in response to suspected exploitation, has put a temporary hold on all borrowing and withdrawal operations for the cryptocurrency THE. The registry of abnormal activities in THE Pool has led to this drastic measure, emphasizing that this is a protective action while the investigation proceeds. Affected users face temporary inconveniences; however, other market operations under Venus’s umbrella remain functional.

An issue of this scope requires the utmost vigilance, especially considering the shared speculated loss of $2.15 million attributed to alleged hacking activities. Such security breaches emphasize the deep risks embedded within defi-119">decentralized finance platforms where trust underpins operational integrity.

THE moonshot on Venus set the stage for profitable but suspicious maneuvers. A notable event involved a whale dispatching 3,667,000 THE to Binance, resulting in an estimated windfall of $729,000. These transactions bring scrutiny as they align with the collateral liquidations coinciding the security concerns within THE Pool.

Financial Moves: Ethereal Acquisitions

Diving into market maneuvers, the ShapeShift founder engaged in substantial Ethereum acquisition, amassing 8,576 ETH in just five days, backed by 17.75 million USDT. These actions reflect strategic positioning amid volatile market conditions, as ETH continues to anchor DeFi transactions owing to its robust adoption and decentralized ecosystem growth.

Dormant Crypto Whale Rouses

An extended period of inactivity ended with a significant transaction involving 210,000 TRUMP being injected into the Gate marketplace, culminating in a $1.28 million deficit. Such substantial losses correlate with market timing and signal the inherent risks and rewards associated with crypto asset liquidity strategies.

Visibly, these transactions underscore the strategic depth and unpredictability within the crypto market landscapes of today. Each action reaffirms the importance of vigilance, market comprehension, and strategic foresight within the digital asset ecosystem.

-- Price

The Need for Resilience in DeFi

Decentralized finance (DeFi) platforms like Venus Protocol frequently grapple with unpredictable challenges. This suspension for THE highlights vulnerabilities while underscoring an ongoing commitment to security and user protection. As the investigation unfolds, lessons will emerge to strengthen protocol defenses against similar occurrences.

Despite these preventive moves, the substantial trading activity within Venus’s other segments reflects ongoing trust in the platform’s resilience and operational continuity. The technical and market infrastructure remains robust enough to absorb surprise shocks without halting broader operation.

Analyzing Market Protocols

Going deeper, the suspension catalyzes reflection on market protocols and the need for stringent safety nets. Crypto-native strategies balance between high-risk reward scenarios and protocol security assurances. As market participants recalibrate around these suspension events, prioritizing an adaptive and forward-looking strategy becomes invaluable.

Key features of effective protocols should include advanced monitoring systems to detect exploits preemptively, alongside strong auditing processes to verify transaction integrity. The evolution of AI and blockchain-specific security measures will provide tangible pathways for further underpinning DeFi stability.

FAQs

How are Venus users affected by the suspension?

The suspension temporarily restricts borrowing and withdrawal for THE within the Venus ecosystem. Other markets continue their operations smoothly, ensuring broad market activities are unaffected. Users are advised to remain vigilant for updates as the investigation progresses.

What triggered the Venus Protocol suspension?

Abnormal activities within THE Pool led to the suspension. Analyzing these activities aims to uncover potential exploits that resulted in significant liquidation shortfalls, underpinning the security action.

Why is the Ethereum acquisition by ShapeShift noteworthy?

The purchase of 8,576 ETH highlights strategic market positioning. Acquisitions of this nature are speculative but reflect confidence in ETH’s role within the crypto landscape, marked by its expansive DeFi application and transactional utility.

What insights does the TRUMP whale transaction offer?

The whale’s entry into Gate after an extended hiatus demonstrates market dynamics’ unpredictability and risk-adjusted decision-making amidst speculative trading environments in crypto assets.

How is Venus Protocol reinforcing its security following the suspension?

Venus Protocol is likely enhancing its security by scrutinizing transaction protocols, reevaluating audit measures, and implementing AI-driven analytics to prevent potential future vulnerabilities. These proactive actions underscore its commitment to user protection and market integrity.

In this detailed analysis, the inherent unpredictability of DeFi and transaction-based strategies unveils the criticality of comprehensive security measures within the crypto domain. Investors and participants are best served by agility and informed participation within this evolving market landscape.

On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.

2025 Full Year and Fourth Quarter Financial and Operational Highlights

• Financial Performance:

Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.

Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.

Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.

• Mining Operations and Costs:

A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.

The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;

The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.

As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.

• Strategic Progress:

The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.

CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."

"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."

The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."

Fourth Quarter 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.

Operating Costs and Expenses

The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.

This includes:

· Cost of Revenue (excluding depreciation): $1.553 billion

· Cost of Revenue (depreciation): $38.1 million

· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)

· Mining Machine Impairment Loss: $81.4 million

· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million

Profit Situation

The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.

The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.

The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.

Full Year 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.

Operating Costs and Expenses

The total annual operating costs and expenses amount to $1.1 billion.

Specifically, they include:

· Revenue Cost (excluding depreciation): $543.3 million

· Revenue Cost (depreciation): $116.6 million

· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)

· Miner Impairment Loss: $338.3 million

· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million

Profitability

The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.

The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.

Financial Position

As of December 31, 2025, the company's key assets and liabilities are as follows:

· Cash and Cash Equivalents: $41.2 million

· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million

· Miner Net Value: $248.7 million

· Long-Term Debt (related party): $557.6 million

In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.

Stock Repurchase

As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.

The US AI Startup Is Loving China's Open Source Model

80% of US AI Startups Are Using Chinese Open Source Models

Three Weeks of the US-Iran War: Who's Making Money, Who's Paying the Bill?

Global Losing 10 Million Barrels of Oil Each Day, Russia Earns Over $800 Million in Just Over Two Weeks

Interpreting Polymarket's Major Update Last Night: Fee Expansion, Self-Regulation, and New Incentives

Although there is no information about a token airdrop, the overall community sentiment is optimistic. The real good news is to rhythmically control the positive promotion.

From Human Application to Intelligent Collaboration: How GOAT Network Builds the Next Generation Digital Economy

Embracing the Era of Super Individuals: GOAT Network launches Bitcoin-secured Layer 2 exclusive infrastructure, fully empowering AI entities to usher in a new era of fully automated digital economy.

CZ Washington Dialogue: Crypto Entrepreneurs are Accelerating Their Return to the United States

CZ connects with the DC Blockchain Summit: The prison memoir is about to be published, harshly criticizing the inaccuracies of traditional media reports, and pointing out that if the U.S. wants to become the "global crypto capital," it urgently needs to introduce more sufficient market competition t...