Why AAVE crypto traders must watch $113 support after Binance hack

Around 9 pm UTC on the 29th of October, a Binance hot wallet on Ethereum sent 63 ERC-20 tokens and 167,464 ETH in a single transaction. The same exploiter address received another 28,006 ETH in a second transaction from a second Binance hot wallet on Ethereum, along with funds from Arbitrum [ARB], Optimism [OP], and Avalanche [AAVE]. In response, the Aave markets across all networks were frozen, stopping everyone, including the exploiter, from opening new supply or borrow positions.