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The exploiter paid back Aave users' USDT debts on its V1 markets, making the total USDT borrowed stand at zero.

Now that Bitcoin [BTC] capturing the $30,000 threshold has garnered most of the attention from the market, its time to consider the altcoins. Altcoins, such as ApeCoin [APE], Aave [AAVE], and Lido [LDO] have also been experiencing major activity.

The exploit seems to have impacted only Aave v1.

An attacker minted 1.2 quadrillion tokens by exploiting a Yearn vulnerability, selling them for $11.6 million in stablecoins.

In a recent tweet by Lookonchain, it has been revealed that Yearn Finance and Aave, two popular DeFi platforms, have fallen victim to a flash loan attack that has cost them over $10 million in stablecoins such as USDC, USDT, TUSD, and BUSD.

DeFi platform Yearn Finance has suffers a flash loan attack, with millions of funds withdrawn by the hacker. The exploit is concentrated on Aave V1 liquid protocol, blockchain security firm PeckShield reported on Thursday.

'Misconfigured' vulnerability likely impacted DeFi protocols Yearn Finance and Aave today, according to security company PeckShield.

Decentralized finance (DeFi) protocols Aave and Yearn Finance are suffering from an ongoing flash loan attack at the time of writing, Pechshield pointed out in a tweet. The exploiter has already drained over $10 million in stablecoins from the protocols, including over $3 million DAI, $2.5 million USD Coin (USDC), $1.7 million BinanceUSD (BUSD), $1.

Two of Ethereum's most popular decentralized finance (defi) protocols, Aave and Yearn Finance, have been affected by an exploit, according to early reports this morning from blockchain security firm PeckShield. The company directed a tweet to Aave asking it to verify a specific transaction hash.

Yearn Finance has not provided any details regarding the extent of the exploit. 

Early reports from security firms suggest that an exploit involving the DeFi protocols Aave V1 and Yearn Finance has taken place.

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

The proposal to deploy Aave V3 on StarkNet, passed the temperature check vote with a vote of 99.98% in favor. Phase-2 will mark the full deployment of V3 on Starknet after the successful completion of phase-1.

BTC's tight trading range hints at an eventual breakout, and ADA, XLM, AAVE and CFX could follow.

Aave [AAVE] attempted a successful recovery but hit a key price ceiling and sell pressure zone of $80-$82. Nevertheless, the retracement has also hit a crucial confluence area of support that may undermine short-sellers, especially if Bitcoin [BTC] drops below $28k.

The total funds deposited on DeFi lending and borrowing protocol, Aave [AAVE], grew steadily since the start of 2023. As per Token Terminal, the monthly average total value locked (TVL) for March jumped 10% from the previous month's data, and as much as 18% from January.

Aave is looking to expand the accessibility of the third version of its lending and borrowing protocol. The network revealed this through a recently announced proposal that it had plans to expand into the BNB chain.

Community governance has given a tentative thumbs up to the deployment of Aave's borrowing and lending protocol on two additional chains, with a third potentially on the way.

The Aave community is looking to expand on the BNB chain and voting for the temperature check for deployment on Starknet.

Aave-Chan creator Marc Zeller proposed launching the Aave V3 lending protocol on BNB Chain.Zeller suggested deploying on Binance's DeFi chain with a basket of digital assets as supported collateral including BNB, WBTC, BETH, WETH, USDC, and USDT.The proposal comes after Uniswap deployed on Binance's blockchain to tap into a massive DeFi user base and community. A governance proposal to launch Aave V3 on BNB Chain was submitted on Tuesday as protocols in the decentralized finance (DeFi) ecosystem look to rapidly expand their footprints beyond Ethereum and tap significant crypto liquidity.

Aave-Chan creator Marc Zeller proposed launching the Aave V3 lending protocol on BNB Chain.Zeller suggested deploying on Binance's DeFi chain with a basket of digital assets as supported collateral including BNB, WBTC, BETH, WETH, USDC, and USDT.The proposal comes after Uniswap deployed on Binance's blockchain to tap into a massive DeFi user base and community. A governance proposal to launch Aave V3 on BNB Chain was submitted on Tuesday as protocols in the decentralized finance (DeFi) ecosystem look to rapidly expand their footprints beyond Ethereum and tap significant crypto liquidity.

Polygon zkEVM TVL currently stands at $2.51 million and is steadily growing.

The Aave community is actively pursuing opportunities to broaden its footprint across diverse blockchain networks.

WBTC is the largest tokenized version of bitcoin and can be swapped on a 1:1 basis for BTC.