Aave freezes Avalanche lending markets to block suspected Binance hacker
Photo: Crypto Briefing
The DeFi lender moved to stop stolen AVAX from being used as collateral after a suspected multi-billion-dollar outflow from Binance hot wallets Aave has frozen its lending markets on Avalanche . The goal is to stop a suspected Binance hacker from using the protocol to borrow funds. The move follows what appears to be a large unauthorized outflow from Binance hot wallets. Initial assessments suggest around $3.3 billion has moved across multiple chains. The suspected drain began at approximately 20:24 UTC on October 29, 2026. Funds were then moved across several blockchains. A significant chunk landed on Avalanche.
Source: Crypto Briefing
