All coins

WiremarketsDextape brief

Aave’s Risk Manager Wants a Borrowing Speed Limit After Binance Hackers Took $44.6 Million

CEO Adam Sadowski said LlamaRisk will cap what can be borrowed on Aave over certain periods of time, six days after a wallet tied to the Binance hack drew a $44.6 million ETH loan from the lender.

Dextape brief

By Dextape Desk ·

LlamaRisk, risk manager for the Aave lending protocol, plans to add a throttle on borrowing over set time windows, CEO Adam Sadowski said on the Uneasy Money podcast. His remarks came six days after an address linked to the Binance hot-wallet exploit posted USDT as collateral and borrowed ether. That wallet drew about 19,762 WETH, worth roughly $44.6 million, against 60 million USDT across roughly three minutes on October 29, according to LlamaRisk. Guardians froze Aave markets about 40 minutes after the borrowing. Sadowski described risk oracles, which turn real-world signals into protocol actions, and cited Chainlink's Runtime Environment as the framework, though he offered no schedule or design specifics. Kain Warwick, Synthetix's founder and a co-host of the program, argued that splitting borrowing across wallets could get around per-account limits. Sadowski replied that every risk measure involves trade-offs.

Why it matters: It shows Aave's risk managers are weighing automated controls that could limit rapid borrowing after exploits, a question relevant to anyone using DeFi lending markets.

Mentioned: Aave, Ethereum, Chainlink, Tether, Binance

Summary by Dextape, based on reporting by Unchained. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.

Read the full story

Headline and excerpt from Unchained’s public feed. Unchained holds the copyright and publishes the full story; Dextape links to it rather than reprinting it.

Mentioned in this story

Open a coin page for its current price.

Brief by

Dextape DeskEditors

The Dextape Desk signs Dextape's own work: briefs on wire stories, the daily market report and desk analysis. Briefs are written by an AI model from the publisher's article text and checked automatically for copied wording, unsupported figures and investment advice before they appear. AI drafts from the editorial desk need corroborating sources and an editor's review before release.

Share this story