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Aave Freezes Markets, Then Begins a Staged Reopening
Aave froze hundreds of reserves after the Binance incident, then began reopening them with tighter borrowing and collateral controls.
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Aave service providers froze 175 V3 reserves across 16 networks and 117 V4 reserves across four networks after the Binance hot-wallet incident. LlamaRisk said the action stopped new supply and borrowing while allowing repayments, withdrawals and liquidations; the exploiter’s only Aave position remained over-collateralised. By 13:49 UTC on October 30, providers had defined a four-wave rollback, reduced unused borrowing capacity and kept selected assets at zero loan-to-value or collateral factor. These were containment controls, not proof that the underlying Binance incident was fully resolved.