Aave freezes all DAO markets on V3 and V4 amid Binance security incident
- —All DAO markets on Aave V3 and V4 frozen; new deposits and borrows paused
- —Withdrawals and debt repayments remain available to users
- —Incident-linked address deposited 60 million USDT and borrowed 19,762 ETH
- —Kulechov says markets will be unfrozen as soon as feasible
Why it matters: The largest DeFi lending protocol is ring-fencing liquidity risk after the Binance incident, aiming to prevent cascading liquidations.
Source: PANews