DeFi1 source
Aave’s Risk Manager Wants a Borrowing Speed Limit After Binance Hackers Took $44.6 Million
Headline from Unchained
Key points
- Following an incident where a wallet linked to the Binance hack obtained a $44.6 million Ethereum loan from Aave, risk manager LlamaRisk is proposing new borrowing caps.
- CEO Adam Sadowski announced plans to limit the amount of assets that can be borrowed over specific time intervals to better protect the decentralized lending protocol.
Summarized automatically by Kryptokite from reporting by Unchained. Read the original sources for full detail.
Coins mentioned
Sources
- UnchainedAave’s Risk Manager Wants a Borrowing Speed Limit After Binance Hackers Took $44.6 Million · 2 hours agoRead on Unchained
Story timeline
- The Block1 min read
Bitcoin erases post-election gains as Wall Street selloff triggers over $1 billion in crypto liquidations
- The Defiant1 min read
EEZ Launches Rollup X With Swaps Filled by Mainnet Liquidity
- CryptoPotato1 min read
Ethereum (ETH) Pumps and Dumps: The Next Potential Targets Revealed
- Cointelegraph1 min read
Europe’s largest asset manager Amundi tokenizes equity index fund on Ethereum
- U.Today1 min read
Franklin Templeton Hits $1.1 Billion on Stellar (XLM), Leaving XRP Ledger Far Behind
Share
Kryptokite links to the original reporting and never republishes full articles. Summaries are written automatically and may contain mistakes; nothing here is financial advice.