During the Binance hack, the attacker deposited 60 million USDT into Aave and borrowed 19,762 wETH, worth about $44.9 million, before Tether froze the address. Aave’s Guardian then halted new deposits and borrowing across 175 V3 reserve pools on 16 networks and 117 V4 markets, while keeping repayments, withdrawals and liquidations operational. The position had a health factor of 1.04, with $59.9 million in collateral against $44.9 million in debt, and would become liquidable if ETH rose by roughly 4%. Aave Chan Initiative founder Marc Zeller said the protocol had enough liquidity to absorb the position and that a forced liquidation was unnecessary. Elon Musk later said superintelligent agents could reproduce the scheme to obtain currency for themselves.
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