Aave reopens V3 and V4 lending pools following Binance hack safeguards
CIE News ·
Confirmed by independent sources.
Aave fully restored its V3 and V4 lending markets after freezing operations when a Binance-linked hacker deposited stolen USDT to borrow WETH. Protocol contracts remained uncompromised and fully collateralized.
On October 31, 2026, Aave fully reopened borrowing and lending markets across its V3 and V4 protocols following emergency restrictions triggered by the Binance hack. According to crypto.news, an attacker associated with the breach deposited 60 million Tether (USDT) on October 29 to borrow 19,762 wrapped Ether (WETH) valued at around $44.6 million before safeguards took effect. Aave stated that its smart contracts were never compromised and all user positions remained fully collateralized during the intervention, with normal operations and pool parameters now restored through emergency governance.
Key facts
- V3 and V4 markets reopened
- Aave contracts uncompromised
- Hacker borrowed 19,762 WETH
- Positions fully collateralized
Read the original at trmlabs.com