BlockBeats News, April 19th, according to on-chain analyst Wu Jinyin’s monitoring, for safety reasons, over $5.4 billion in assets were urgently withdrawn from Aave after hackers exploited a flash loan to mint illegal rsETH and borrowed a large amount of ETH. This included Justin Sun, who also reclaimed his 65,584 ETH ($154 million) from Aave.
The remaining on-chain lending demand then flowed into protocols such as Spark: this demand drove the ETH deposit rate on Spark to a peak of 130%. It is currently at 18%.
