Binance Hack Fallout: Aave Freezes Lending Across 16 Networks

Aave froze 292 reserves across its V3 and V4 markets following a major Binance security breach that saw attackers steal more than 195,000 ETH and millions of dollars in altcoins. Decentralized finance (DeFi) lending protocol Aave froze lending markets across 16 blockchain networks Thursday following a major security breach involving Binance hot wallets, in which attackers drained more than 195,000 ethereum (ETH) and millions of dollars in altcoins across multiple chains . According to a statement , the exploit began at 3:24 p.m. EST on Oct. 29, 2026, when an attacker initiated a single transaction transferring 167,464 ETH and 63 other tokens from an Ethereum-based Binance hot wallet to an unidentified address.

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