💥 Aave’s USDT Liquidity Tanks After $570M Withdrawal Linked to Justin Sun!
In just 3 hours, a wallet connected to HTX (associated with Justin Sun) drained $570M USDT from Aave's pool — leaving less than $100M in borrowable liquidity.
Result? A massive interest rate spike:
🔺 Deposit APY: 3.8% ➜ 29%
🔺 Borrow APY: 4.4% ➜ 33.6%
🗣️ Aave’s Marc Zeller downplayed it:
“It’s just Justin Sun aping again. We’ll bounce back in hours.”
📉 AAVE token dropped over 4% to $261, after a strong +60% month.
🔒 Still, Aave holds firm with $41B TVL and $16.5B in active loans — proving its dominance, even under pressure.
But here’s the question:
👉 Is DeFi still trustless when a single whale can move the whole market?
