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Hackers illicitly minted rsETH through Aave collateralization and borrowed a large amount of ETH, then three whales sold 59,680 AAVE.
Mars Finance reports that on April 19, according to on-chain analyst Yu Jin’s monitoring, after hackers borrowed a large amount of ETH by illegally minting rsETH through Aave collateral, multiple whales sold AAVE on the chain, causing AAVE to drop 15% today.
· Polymarket user “smaugvision” address sold 20,015 AAVE (2.06 million USD), sale price $102.9.
· 0xFC5 address sold 20k AAVE (2.05 million USD), sale price $102.8.
· 0xA2E address sold 19,665 AAVE (1.95 million USD), sale price $99.2.