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Over $5.4 billion in assets have been withdrawn following the rsETH attack on Aave, with on-chain lending demand shifting to protocols like Spark.

MeNews
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Abstract generation in progress
ME News Report, April 19 (UTC+8), according to Ember Monitoring, due to hackers illegally minting rsETH collateralized on Aave and borrowing a large amount of Ethereum, more than 5.4 billion USD worth of assets have been urgently withdrawn from Aave for risk mitigation purposes. Among them, Sun Yuchen also withdrew his 65,584 ETH on Aave, worth approximately 154 million USD. Currently, on-chain lending demand has shifted to protocols like Spark, causing ETH deposit interest rates on Spark to spike to 130% at one point, now around 18%. (Source: Foresight News)
AAVE-3.68%
SPK-1.24%
ETH-0.31%
View Original
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GateUser-870b5e71
· 3h ago
130% down to 18%, I’m very familiar with this gap
View OriginalReply0
PermissionedFury
· 3h ago
Lending and borrowing protocols are more exciting than DeFi summer.
View OriginalReply0
MevInRetrospect
· 3h ago
rsETH this pit is dug deep enough
View OriginalReply0
AirdropSidequest
· 3h ago
Ember's monitoring is even more accurate than on-chain detectives.
View OriginalReply0
GateUser-4eae4cef
· 3h ago
Hackers play arbitrage, retail investors play heartbeat
View OriginalReply0
LimitOrderMonk
· 3h ago
€540 million withdrawal, Aave has taken a heavy hit this time
View OriginalReply0
0xLateAgain
· 3h ago
Can I still go for this 18% now, or am I worried about buying high?
View OriginalReply0
Cream-ColoredCross-ChainBridge
· 3h ago
Brother Sun runs faster than anyone else
View OriginalReply0

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