The Binance hacker, identified as North Korea’s TraderTraitor, swiftly converted $365 million USDT into over 120,000 unfreezable ETH using Aave and UniswapX to evade asset freezes by platforms like Tether and Circle. The attacker deposited $60 million USDT on Aave, borrowed 19,760 WETH, and swapped $325 million USDT via UniswapX within minutes before freezes were enforced. Aave denied claims of bad debt from the incident, stating the collateral was over-collateralized, unlike a previous KelpDAO hack. The event highlights vulnerabilities in decentralized finance platforms and raises questions about responsibility for the stolen funds' repayment.
The Binance hacker's use of Aave to bypass freezes on USDT highlights ongoing risks in decentralized finance. On Pluang as of Oct 30, 2026 23:22 WIB, AAVE trades at Rp2.289.463, down 8.29% in one day with a market cap of Rp35,16T. Meanwhile, USDT is priced at Rp18.118, down 0.38%, with a market cap of Rp3.270,46T and a 24-hour volume of Rp2.207,57T, reflecting active trading despite the incident.
Aave froze 292 lending reserves across 16 blockchain networks after a major Binance security breach resulted in the theft of over 195,000 Ethereum (ETH) and millions in altcoins. The attacker exploited Binance hot wallets, moving stolen assets across...
Following the Oct. 29 Binance hot-wallet hack, Aave governance is considering reducing borrowing limits across its V3 and V4 markets by about $3.8 billion to limit risk. LlamaRisk proposed lowering caps on 27 V3 reserves and six V4 credit lines to ro...
An attacker stole about $46 million worth of Ether in an incident related to Aave, a decentralized finance platform. Additionally, $60 million in USDT used as Aave collateral is not fully frozen, meaning it hasn't been taken by the attacker but remai...
LlamaRisk plans to reduce borrowing limits on Aave's V3 and V4 platforms by about $3.83 billion combined to prevent the party linked to the Binance theft from building a large position. The new caps target markets with high borrowing before the incid...
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 w...
