BNB Bridge attacker's $250M $BNB Collateral will be Liqudiated at $220

The attacker of the BNB Bridge has approximately $250 million worth of $BNB collateral with a liquidation price of $220, according to Lookonchain monitoring. The attacker utilized the Venus Protocol lending protocol on the BNB Chain to collateralize 924,821 $BNB tokens (worth approximately $250 million) with a liquidation price of around $220.

In October last year, the hacker profited 2 million BNB through an attack on the BNB Chain's cross-chain bridge and subsequently borrowed around $150 million stablecoins by collateralizing 920,000 BNB on Venus.

Due to the impact of the SEC's lawsuit against Binance, BNB has dropped over 6% in the past 24 hours to around $260.

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