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Aave suspends rsETH reserve operations on networks like Ethereum and Arbitrum to prevent the escalation of liquidation risks
Golden Finance reports that on April 23, Aave posted the latest updates on the rsETH security incident on the X platform.
They disclosed that operations related to rsETH reserves have been paused on the Ethereum mainnet as well as on Arbitrum, Base, Mantle, Linea, and other networks to prevent excess aETH rsETH from being withdrawn, thereby pushing the position closer to the 95% liquidation threshold.
This measure aims to preserve as much funds as possible during the asset recovery process and reduce systemic risk.
Aave stated that subsequent developments and disposal plans will continue to be disclosed to the community.