Wallet Linked to Suspected Binance Hot-Wallet Theft Borrows $44.7 Million in Ether

An address labeled “Binance Hot Wallet Exploiter 3” borrowed 19,762 Ether (ETH), valued at about $44.7 million, on Aave V3 after depositing about 60 million Tether (USDT). Odysseus linked the address to a suspected theft involving Binance’s hot wallet. The monitored Aave sequence began with the USDT deposit and followed with the ETH borrowing. The address began authorizing and depositing USDT at 4:57 p.m. ET Thursday (20:57 UTC), then borrowed ETH in two transactions. Together, the borrowings totaled 19,762 ETH. The same address also sent a combined total of 23,314.5 ETH to another address associated with the suspected theft. The two figures describe separate actions: an Aave borrowing and an outgoing transfer to a second address.

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