Hackers exploit Aave with illegally minted rsETH, sparking AAVE sell-off
Huo Xing Finance reported on April 19 that on-chain analyst Yujin said hackers minted rsETH illicitly through Aave and borrowed large amounts of ETH, setting off heavy AAVE selling by several whale wallets. AAVE fell 15% on the day. Polymarket user "smaugvision" sold 20,015 AAVE (US$2.06 million) at US$102.90 per token. Address 0xFC5 sold 20,000 AAVE (US$2.05 million) at US$102.80. Address 0xA2E sold 19,665 AAVE (US$1.95 million) at US$99.20.