$9 billion withdrawn from Aave in wake of crypto hack
SpilloverSpillover from the another organisation incident · View original incident →In the wake of a crypto hack, large-scale withdrawals of funds occurred at the decentralised finance lending platform Aave. The panic-driven withdrawals amounted to about $9 billion, and the specific response has not been confirmed.
Key facts
- Affected organisation
- Aave
- Original incident
- About $290m crypto hack triggers DeFi outflows
- Incident type
- Hacking & intrusion
- Occurred / detected
- Not confirmed
- Scale of damage
- About $9 billion in funds withdrawn
- Cause / method
- Not confirmed
- Location
- Other countries
Timeline
- It emerged that about $9 billion in funds had flowed out of Aave in the wake of a crypto hack.
- The roughly $9 billion in withdrawals was reported to be panic-driven following a major crypto hack.
Original incident
This is spillover from the another organisation incident.
About $290m crypto hack triggers DeFi outflows
Impact: About $290 million in crypto-assets
A crypto hack of about $290 million triggered large-scale withdrawals from the DeFi market. On 20 April, investors were reported to have withdrawn $15 billion from DeFi. A US fintech company suspected North Korea's Lazarus was behind the hack.
Related reports: 4 · last report →
3 related reports
The summary and key facts are written by AI from related reports and may contain errors. Check the original articles and the organisation’s official statements for accurate details.