Wallet tied to Binance exploit borrows 19,762 ETH on Aave against $60M USDT
- —Address tagged "Binance Hot Wallet Exploiter 3" supplied ~$60M USDT to Aave V3
- —It borrowed 19,762 ETH, worth about $44.7 million, against the collateral
- —23,314.5 ETH were transferred to another wallet tied to the exploit
- —Activity began at 04:57 Beijing time on October 30
Why it matters: The hackers are converting stolen stablecoins into ETH and moving them, complicating asset freezes and adding selling pressure to the market.
Source: PANews