Binance hacker uses Uniswap and Aave to swap frozen stablecoins for ETH

Binance hacker wallets drained at least $5.5 billion, with about 253,000 ETH ($570 million) held in two wallets without outgoing transfers as of 22:07 UTC. The attacker swapped stablecoins on Uniswap and borrowed ETH on Aave, exploiting the fact that ETH has no issuer that can freeze funds, unlike stablecoins. Ripple froze $200 million in RLUSD, while Tether and Circle blacklisted attacker addresses, freezing over $2 billion in USDT and USDC. Aave froze its V3 markets on Ethereum mainnet, and Kamino paused Solana and Bitcoin markets as a precaution.