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Aave freezes all DAO-run V3 and V4 markets after Binance hacker borrows ETH

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DevelopingThe Binance Hack11 flashes2 stories

Aave paused new deposits and borrowing across every DAO-operated V3 and V4 market, while still letting users withdraw and repay, after a wallet linked to the Binance attack posted stolen USDT as collateral and borrowed roughly 20,000 ETH. Aave said its contracts were not affected and positions remain overcollateralized. Source: Cointelegraph

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Binance puts verified frozen total at $2.54 billion, says it will cover all losses

Binance said the amount frozen in connection with its hot-wallet breach now stands at a verified $2.54 billion and may rise as tracing with law enforcement and stablecoin issuers continues. Co-founder Yi He said the exchange will absorb all losses, with deposits and withdrawals paused until security checks finish. On-chain estimates of the outflows still range from about $2.4 billion to $5.8 billion. Source: CoinDesk

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