Aave: All DAO Markets on V3 and V4 Temporarily Frozen Following Binance Incident

October 30: Aave posted on X that it is aware of reports of a possible security incident involving a Binance-linked wallet. Aave contracts are unaffected and all positions remain overcollateralized. As a precautionary measure, all DAO-operated markets on Aave V3 and V4 have been frozen, suspending new deposits and borrows, while users can still withdraw assets and repay existing positions. Aave founder Stani Kulechov said the team is closely monitoring developments and will unfreeze the markets as soon as feasible. Previously, an address linked to the suspected Binance theft incident had deposited about 60 million USDT into Aave and borrowed 19,762 ETH.