Sun Yuchen's team quickly withdrew 274 million USDT after Aave froze the market, with some whales forced to sell at a discount.

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Wu Shuo learned that, according to Arkham monitoring, after Aave froze the rsETH/wrsETH market at 18:52 UTC on April 18, the HTX: Recovery controlled by Sun Yuchen’s team, during the 21 minutes after the freeze (19:12–19:17 UTC), split and withdrew a total of 274 million USDT from Aave in 5 transactions, exiting all stablecoin positions held in Aave. In addition, according to monitoring by @EmberCN, since Aave is currently pausing withdrawals, some whales that want to exit Aave need to switch into other assets and then exit via Swap in a discounted manner—for example, one whale withdrew 17.4k ETH stored on Aave by swapping deposit receipts aEthWETH for ETH, but this also caused an immediate loss of 310 ETH (about $720k).

AAVE2.36%
ETH-0.52%
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