Onchain Analysts Flag Justin Sun-Linked Wallet's 274 Million USDT Exit From Aave Minutes After rsETH Freeze

Aave Freeze Sparks Immediate Exit of $274M

The Aave rsETH/wrsETH market froze abruptly, leading to a rapid series of withdrawals, including one notable exit tied to a wallet connected with Justin Sun. And this whopper of a withdrawal highlighted both the speed and weaknesses that come along with DeFi (decentralized finance), just minutes after the platform ceased trade. On April 18 at exactly 18:52 UTC, Aave froze the relevant market, starting a string of events. Just 21 minutes after th…

Onchain Analysts Flag Justin Sun-Linked Wallet's 274 Million USDT Exit From Aave Minutes After rsETH Freeze

A wallet linked to Justin Sun by onchain analysts withdrew 274 million USDT from Aave just 21 minutes after the protocol froze its rsETH markets on April 18, following the KelpDAO exploit. Key Takeaways: A wallet linked to Justin Sun pulled 274 million USDT from Aave 21 minutes after the rsETH market was frozen. The […]