Over $5.4 billion in assets were urgently withdrawn from Aave after hackers illegally minted large amounts of rsETH through collateral on Aave and borrowed a significant amount of ETH.

BlockBeats2026/04/19 03:02

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BlockBeats news, on April 19, according to on-chain analyst 余烬's monitoring, for risk-averse reasons, more than $5.4 billion in assets were urgently withdrawn from Aave after a hacker illegally minted rsETH through Aave collateral and borrowed a large amount of ETH. Among them, Justin Sun also retrieved his 65,584 ETH ($154 million) from Aave.

The remaining on-chain lending demand has flowed into protocols such as Spark: demand pushed Spark's ETH deposit interest rate up to as high as 130%. Currently, it is still at 18%.

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Over $5.4 billion in assets were urgently withdrawn from Aave after hackers illegally minted large amounts of rsETH through collateral on Aave and borrowed a significant amount of ETH.

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