Cryptocurrency hack triggers $9 billion outflow from top DeFi lending platforms
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Due to concerns that collateral may become worthless, Aave has experienced a net outflow of approximately $9 billion since last Saturday, with the platform's total value locked (TVL) plunging by more than one-third to $17.5 billion. This event highlights security vulnerabilities in the DeFi sector—where users trade, lend, and sell cryptocurrency without a central intermediary—and has triggered a broader domino effect, with the total value locked across all DeFi lending protocols dropping by about $13 billion within 48 hours.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Paratus Energy Q2 FY26 adjusted EBITDA drops 9.56% to $42 million
Reuters•2026/08/28 05:14
FamiCord H1 FY26 EBITDA falls 13.8% to EUR 4.3 million; revenue slips 0.9% to EUR 43.2 million
Reuters•2026/08/28 05:13
BW LPG Q2 FY26 net profit rises to US$138 million; dividend climbs to US$0.95 a share
Reuters•2026/08/28 05:13
Crypto prices
MoreBitcoin
BTC
$79,644.78
+1.29%
Ethereum
ETH
$2,485.26
-0.01%
Tether USDt
USDT
$1.0000
+0.01%
BNB
BNB
$708.91
+0.93%
XRP
XRP
$1.42
+1.42%
USDC
USDC
$0.9998
-0.02%
Solana
SOL
$106.92
+5.75%
TRON
TRX
$0.3387
+1.32%
Hyperliquid
HYPE
$83.03
+2.76%
Dogecoin
DOGE
$0.08756
+1.10%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now