Aave risk manager to cap borrowing after $44.6 million ETH loan tied to Binance hack
LlamaRisk, Aave's risk manager, plans to cap how much can be borrowed over set time windows after a wallet linked to the Binance hack drew a $44.6 million ETH loan from the protocol. CEO Adam Sadowski announced the borrowing speed limit six days after the loan was taken. The move signals tighter risk controls on DeFi lending, which traders may read as a caution flag for Aave and large uncollateralized-scale ETH borrowing.