Aave Most markets across the network have been frozen and will be unfrozen in phases once the funds stop moving
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AT A GLANCE
Following the attack on Binance's Ethereum hot wallet,Aave most markets were frozen, with plans to unfreeze them in phases once the funds stop moving.
Article
Aave: Most markets across the network have been frozen, and will be unfrozen in phases going forward
BlockBeats reported that October 30，Aave risk service provider LlamaRisk stated in a governance forum post that Binance after the Ethereum hot wallet was attacked, LlamaRisk and Aave Labs among others decided that guardian would freeze markets across the network, freezing a total of Aave V3 a total of 16 networks and 175 types of reserves, as well as Aave V4 four types of spoke a total of 117 reserves.Aave will continue monitoring the attacker's wallets and price feeds, and will coordinate with all parties to unfreeze them in phases once the funds stop moving.
Original link https://m.theblockbeats.info/flash/374512
Key points
01
LlamaRisk stated in a governance forum post that Binance's Ethereum hot wallet had been attacked.
02
LlamaRisk stated that it and Aave Labs among others decided that guardian would freeze markets across the network.
03
Aave V3 A total of 16 networks and 175 types of reserves were frozen.
04
Aave V4 The four types of spoke had a total of 117 reserves frozen.
05
Aave It will continue monitoring the attacker's wallets and price feeds, and will coordinate with all parties to unfreeze them in phases once the funds stop moving.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
These measures were taken to manage risks following the attack on Binance's Ethereum hot wallet. The current scope involves multiple reserves of Aave V3 and V4, and whether they will be unfrozen depends on whether the attacker's funds stop moving; the process will be carried out in phases.
Why it matters to readers
The freeze covers Aave V3's 16 networks and Aave V4's four types of spoke, indicating a broad impact; restoration will subsequently require waiting for the monitoring results.
Beginners should note that the relevant Aave markets may currently be frozen and should follow subsequent updates on phased unfreezing.
Risks and unknowns
The evidence consists of BlockBeats' account of LlamaRisk's governance forum post; no original forum link was provided.
The specific scope and losses of the attack on Binance's Ethereum hot wallet were not disclosed.
No unfreezing schedule or specific sequence for the individual markets was provided.
It remains uncertain when the attacker's funds will stop moving.
Related Developments
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Related concepts
Hot wallet
A wallet kept connected to the internet for convenience, better suited to everyday scenarios such as frequent transactions.
