Odysseus Links Wallet to Suspected Binance Theft as It Borrowed 19,762 Ether From Aave

An address that Phylax Systems' Odysseus linked to a suspected Binance hot-wallet theft deposited about 60 million USDT into Aave V3 and borrowed 19,762 Ether (ETH), valued at about $44.7 million, in two transactions.

On-chain activity began at 8:57 p.m. ET Thursday (00:57 UTC Oct. 30), when the address authorized a USDT transfer and deposited the tokens into Aave V3. It then borrowed Ether in two transactions. The loan totaled 19,762 ETH and was valued at about $44.7 million, while the initial deposit was about 60 million USDT.

The address also sent a cumulative 23,314.5 ETH to another address associated with the suspected theft. That transfer total was 3,552.5 ETH greater than the amount borrowed, but the figures describe separate reported actions. The reported activity combines a USDT deposit and ETH borrowing on Aave V3 with a transfer to another incident-linked address.