Aave market freezes draw scrutiny over claimed $60M hacker loan

Aave’s market freezes have drawn scrutiny after a social media post claimed a Binance-linked attacker deposited $60 million in stolen USDT and borrowed roughly 19,762 ETH before issuer freezes took effect. Emilio described the market freezes as a precaution to help issuers seize stolen funds. A separate post claimed the attacker borrowed 19,762 ETH against $60 million in USDT. Morpho’s Paul Frambot defended isolated lending markets as a way to contain financial contagion. Marc Zeller challenged Morpho’s protections, pointing to differences in emergency controls and loss coverage.

Source: crypto.news