Aave Freezes 292 Reserves Across V3 V4 Following Binance Breach

TL;DR Aave froze 292 reserves across its V3 and V4 markets following the Binance hack. The restrictions affect 16 blockchain networks. Before the freeze, a wallet linked to the attacker deposited $60 million in USDT and borrowed 19,762 WETH, initially valued at approximately $44.6 million. Binance froze approximately $3 billion in stolen assets and pledged to cover all losses. Aave will maintain the restrictions until the attackers’ activity stabilizes. Aave froze 292 reserves across its V3 and V4 markets following the attack on Binance wallets , which allowed the attackers to steal more than 195,000 ETH and other digital assets across multiple blockchains. The measure affects 16 networks, including Ethereum, Arbitrum, Avalanche, Base, Optimism, Polygon, and BNB Chain .

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