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Linea is a layer2 Zero Knowledge Ethereum Virtual Machine (zkEVM). It replicates the Ethereum environment as a rollup, allowing developers to build on it as they would on Ethereum mainnet. This provides users with the same experience and security guarantees of Ethereum, but with reduced transaction costs.
Aave Pauses rsETH Reserve Operations on Ethereum, Arbitrum, and Other Networks to Prevent Liquidation Risk from Spreading
Aave released the latest update on the rsETH security incident on the X platform, announcing that it has paused rsETH reserve-related operations on the Ethereum mainnet as well as networks including Arbitrum, Base, Mantle, and Linea. This measure is intended to prevent excess aETHrsETH from being withdrawn, thereby pushing positions close to the 95% liquidation threshold. This action aims to preserve as much capital as possible and reduce systemic risk while the asset recovery plan is underway. Aave stated that further progress and resolution plans will be continuously disclosed to the community.
Aave Suspends rsETH Reserve Operations on Ethereum, Arbitrum, and Other Networks
Aave announced the latest developments regarding the rsETH security incident on X, stating that rsETH-related reserve operations have been suspended on Ethereum Mainnet and on networks including Arbitrum, Base, Mantle, and Linea. This measure aims to preserve as much capital as possible and mitigate systemic risk while the asset recovery plan is underway. Aave stated that it will continue to disclose subsequent updates and resolution plans to the community.
Aave Pauses rsETH Reserve Operations on Ethereum, Arbitrum, and Other Networks to Prevent Liquidation Risk from Spreading
Aave released the latest update on the rsETH security incident on the X platform, announcing that it has paused rsETH reserve-related operations on the Ethereum mainnet as well as networks including Arbitrum, Base, Mantle, and Linea. This measure is intended to prevent excess aETHrsETH from being withdrawn, thereby pushing positions close to the 95% liquidation threshold. This action aims to preserve as much capital as possible and reduce systemic risk while the asset recovery plan is underway. Aave stated that further progress and resolution plans will be continuously disclosed to the community.
Aave Suspends rsETH Reserve Operations on Ethereum, Arbitrum, and Other Networks
Aave announced the latest developments regarding the rsETH security incident on X, stating that rsETH-related reserve operations have been suspended on Ethereum Mainnet and on networks including Arbitrum, Base, Mantle, and Linea. This measure aims to preserve as much capital as possible and mitigate systemic risk while the asset recovery plan is underway. Aave stated that it will continue to disclose subsequent updates and resolution plans to the community.
Aave: WETH Reserve on Ethereum Core V3 Market Unfrozen
Odaily News Aave provided an update on the rsETH incident via the X platform, stating that the WETH reserve on the Ethereum Core V3 market has been unfrozen. Users can now supply WETH again, although its Loan-to-Value (LTV) ratio remains set at 0.Meanwhile, the WETH reserves on the Ethereum Prime, Arbitrum, Base, Mantle, and Linea networks are still frozen. Aave stated that the relevant service providers will continue to advance subsequent handling and will provide synchronized updates on the progress.
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Aave Pauses rsETH Reserve Operations on Ethereum, Arbitrum, and Other Networks to Prevent Liquidation Risk from Spreading
Aave released the latest update on the rsETH security incident on the X platform, announcing that it has paused rsETH reserve-related operations on the Ethereum mainnet as well as networks including Arbitrum, Base, Mantle, and Linea. This measure is intended to prevent excess aETHrsETH from being withdrawn, thereby pushing positions close to the 95% liquidation threshold. This action aims to preserve as much capital as possible and reduce systemic risk while the asset recovery plan is underway. Aave stated that further progress and resolution plans will be continuously disclosed to the community.
Aave Suspends rsETH Reserve Operations on Ethereum, Arbitrum, and Other Networks
Aave announced the latest developments regarding the rsETH security incident on X, stating that rsETH-related reserve operations have been suspended on Ethereum Mainnet and on networks including Arbitrum, Base, Mantle, and Linea. This measure aims to preserve as much capital as possible and mitigate systemic risk while the asset recovery plan is underway. Aave stated that it will continue to disclose subsequent updates and resolution plans to the community.
Aave: WETH Reserve on Ethereum Core V3 Market Unfrozen
Odaily News Aave provided an update on the rsETH incident via the X platform, stating that the WETH reserve on the Ethereum Core V3 market has been unfrozen. Users can now supply WETH again, although its Loan-to-Value (LTV) ratio remains set at 0.Meanwhile, the WETH reserves on the Ethereum Prime, Arbitrum, Base, Mantle, and Linea networks are still frozen. Aave stated that the relevant service providers will continue to advance subsequent handling and will provide synchronized updates on the progress.