Hackers moved around $2.84 billion in crypto assets, according to Elliptic, while retaining control of roughly $3.33 billion that issuers could not freeze. Tether froze $1.567 billion in USDT, Circle froze $823 million in USDC, and Arbitrum moved $30.5 million in ARB and ETH into a frozen intermediary wallet. Before the first freeze, the attacker deposited $60 million in USDT into Aave V3 and borrowed $44.6 million in WETH, leaving the position overcollateralized according to Aave. The protocol temporarily froze markets across its V3 and V4 deployments, then lifted the precautionary measure after confirming that its contracts were unaffected and suppliers were not at risk. Binance pledged to cover all user losses through its SAFU and company funds, although frozen assets are not necessarily recoverable.
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