The attacker, identified as North Korean TraderTraitor, deposited $60 million in USDT on Aave and borrowed 19,760 WETH worth $45.13 million within minutes. He also swapped $325 million in USDT through UniswapX and 1inch before unwrapping the WETH into 142,062 native ETH that cannot be frozen. After Tether and Circle initiated freezes at around 21:18 UTC, the attacker held roughly 420,000 ETH. Aave says its position remains overcollateralized and therefore has no bad debt, unlike the KelpDAO case, but it remains unclear who will be repaid the $60 million deposited.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
