BlockBeats News, April 19th: According to on-chain analyst Wu Ji monitoring, for risk aversion purposes, over $5.4 billion in assets were urgently withdrawn from Aave after hackers borrowed a large amount of ETH using illegally minted rsETH. This included Justin Sun, who also withdrew his 65,584 ETH ($154 million) from Aave.
The remaining on-chain lending demand then flooded into protocols like Spark Network, driving the ETH deposit interest rate on Spark to peak at 130%. It currently remains at 18%.
