# Wallet Linked to Suspected Binance Hot-Wallet Theft Borrows $44.7 Million in Ether

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/44144
Published: 2026-10-30T02:01:52.000Z
Updated: 2026-10-30T02:01:52.000Z
Section: Investing

> The address deposited about 60 million USDT into Aave V3, borrowed Ether in two transactions and sent 23,314.5 ETH to another theft-linked address.

An address labeled “Binance Hot Wallet Exploiter 3” borrowed 19,762 Ether (ETH), valued at about $44.7 million, on Aave V3 after depositing about 60 million Tether (USDT). Odysseus linked the address to a suspected theft involving Binance’s hot wallet. The monitored Aave sequence began with the USDT deposit and followed with the ETH borrowing.

The address began authorizing and depositing USDT at 4:57 p.m. ET Thursday (20:57 UTC), then borrowed ETH in two transactions. Together, the borrowings totaled 19,762 ETH.

The same address also sent a combined total of 23,314.5 ETH to another address associated with the suspected theft. The two figures describe separate actions: an Aave borrowing and an outgoing transfer to a second address. The borrowed ETH was valued at about $44.7 million; the outgoing transfer amount was stated in ETH.