Aave wasn’t hacked. Why did its users face restrictions?

A Binance-linked attacker borrowed from Aave before emergency controls took effect. The response stopped new deposits as lenders withdrew, pushed up borrowing costs and reopened a debate over how much disruption emergency safeguards should impose on other users. A wallet linked to the Binance attacker deposited 60 million USDT into Aave and borrowed 19,762 WETH, worth approximately $44.6 million, before emergency restrictions took effect. Aave’s guardians froze new deposits and borrowing across 175 V3 reserves and 117 V4 reserves, while withdrawals, repayments and liquidations remained available.