TREE NEWS update: 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.
Base Vault Loses About $6M in Aave Deposit Tokens
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.
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