Aave was bloodbathed by hackers, and the giant spent hundreds of millions to save the market!

**what happened? ** Aave just suffered a massive hack and suffered heavy losses. But don’t panic – a multi-billion dollar rescue fund has been launched, led by a number of industry leaders, to directly provide relief to affected Aave users. This is not just "verbal support", the money has already been received, and some institutions even directly contact users to make payments.

**Why is it important? ** This wave of operations is a bit unexpected: after hacking incidents in the past, users were basically responsible for it themselves, or waited for the project party to slowly pay compensation. But this time, institutions such as Circle and Jump Trading took the initiative to spend money, and even some leading exchanges quietly participated. The scope of the rescue has even expanded to other DeFi protocols besides Aave, which shows that the big guys don’t want the entire ecosystem to collapse – after all, everyone will prosper and everyone will suffer.

**Impact on retail investors? ** If you have assets in Aave, there is a high probability that you can get back some or all of your losses. But a word of warning: the hacking attack is far from over, so don’t rush to transfer all your money back to DeFi. If you want to operate at a low cost, it is recommended to go to CoinRebate (coinrebate.vip) to compare the handling fees of various exchanges. The cashback ratios of Binance and OKX are quite different. The money saved can also buy more good coins.

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This article was edited by CoinRebate AI, data source: CoinDesk