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Crypto DeFi

Base Vault Loses About $6M in Aave Deposit Tokens

About $6 million in Aave deposit tokens were drained from a vault on Base in six outflows that followed a borrower-whitelist change. The proceeds were redeemed for wstETH, with some of the funds later moved into bridge withdrawals toward Ethereum.

Original source

AI take

The whitelist change as the trigger is the detail that matters: it points to a permissions or configuration gap rather than a flaw in Aave itself, which keeps the exposure contained to this vault's depositors rather than the wider lending market. The conversion into wstETH and bridge withdrawals toward Ethereum suggest a deliberate exit path, and the open question is whether the whitelist mechanism was the sole weak point or whether similar vault structures share it.

Generated by AI for reference only.

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