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Aave freezes reserves after Binance wallet exploits $44.6M in wrapped Ether borrowing

Market News
30 Oct 2026, 09:06 WIB
Tokenpost
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Bearish
Aave freezes reserves after Binance wallet exploits $44.6M in wrapped Ether borrowing

Aave froze reserves on multiple V3 and V4 networks after a wallet linked to the Binance hot-wallet exploit borrowed nearly $44.6 million in wrapped Ether (WETH). The wallet had initially supplied $60 million in Tether (USDT) before borrowing. Users were restricted from opening new supply or borrowing positions but could still repay, withdraw, and face liquidations. Separately, Arbitrum moved related assets to a frozen address, affecting no other users or applications. Binance estimated the incident's impact at about $6.3 billion, highlighting significant risks in crypto wallet security.

Aave's market cap stands at Rp35.43 trillion with a 24-hour trading volume of Rp10.86 trillion as of Oct 30, 2026 13:21 WIB, while its price is down 4.25% on Pluang. Arbitrum's market cap is Rp20.65 trillion with a 24-hour volume of Rp4.95 trillion, and its price has decreased by 1.61%. Binance Coin remains the largest by market cap at Rp1,710.11 trillion, though its price fell 5.06% in the same period. These figures highlight active trading and notable price declines for these tokens on Pluang concurrent with recent security events.

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