Aave said it has temporarily frozen all DAO-operated markets on V3 and V4 after becoming aware of reports that a Binance-linked wallet may have been involved in a security incident. The protocol said its contracts were not affected and that all positions remain overcollateralized. As a precaution, new deposits and borrowing have been paused across the affected markets, while users can still withdraw assets and repay existing positions. Aave founder Stani Kulechov said the team is closely monitoring the situation and will unfreeze the markets as soon as feasible. Earlier, an address linked to the suspected Binance theft incident had deposited about 60 million USDT into Aave and borrowed 19,762 ETH.
Aave said it has temporarily frozen all DAO-run markets on V3 and V4 after reports emerged that a Binance-linked wallet may have been involved in a security incident.
In a post on X, the protocol said Aave contracts were not affected and that all positions remain overcollateralized. As a precaution, the affected markets have paused new deposits and borrowing, while users can still withdraw assets and repay existing positions.
Aave founder Stani Kulechov said the team is closely watching developments and will unfreeze the markets as soon as feasible.
Earlier, an address tied to the suspected Binance theft incident had deposited about 60 million USDT into Aave and borrowed 19,762 ETH.
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