weth

According to Onchain Lens monitoring, a cryptocurrency whale that had been dormant for nearly two years has recently become active again, borrowing 81,640 WETH from the decentralized lending protocols Morpho and Spark, worth approximately 153.6 million USD, to execute arbitrage trades.However, this large transaction did not yield significant profits. On-chain data shows that the arbitrage operation generated only 1.88 USD in revenue, paid 1.53 USD in fees, resulting in a final net profit of only 0.36 USD.

The Slow Mist security team issued an alert that an unverified contract exposed an unrestricted low-level call vulnerability due to selector 0x42be3129, lacking access control and target data validation, resulting in approximately 16.6 WETH being stolen.The attacker exploited the existing ERC20 allowance of the contract to bypass the owner check and execute unauthorized transferFrom operations.

According to Onchain Lens monitoring, in the past 24 hours, a certain whale spent 850 WETH to buy 572,900 LIT, worth 1.52 million USD.As of now, the whale has spent a total of 3.03 million USD to buy 1,358,000 LIT, with an average price of 2.23 USD.

According to monitoring by PeckShieldAlert, the attacker of the MEV bot JaredFromSubway stole 1,474.58 WETH, 2.87 million USDC, and 2 million USDT. The attacker exchanged the stolen funds for 4,400 ETH and has deposited 1,000 ETH into TornadoCash. Previously, it was reported that the MEV bot JaredFromSubway was attacked, resulting in approximately 7.5 million dollars worth of assets being stolen.

According to on-chain analysts, the well-known Ethereum MEV bot JaredFromSubway was attacked, resulting in a loss of approximately $7.5 million. The attacker constructed a false MEV arbitrage path, inducing the bot to automatically generate token approvals, and under the condition that the approvals were not revoked, used the open authorization to transfer WETH, USDC, and USDT from the bot's contract, with the funds ultimately flowing to the attacker's wallet address. Analysis indicates that this attack was not a traditional phishing or smart contract vulnerability, but a targeted exploitation of the bot's automation execution mechanism.

According to on-chain analyst Ai Yi's monitoring, the ETH whale nemorino.eth has opened a $10.71 million ETH position after 12 days. 11 hours ago, it purchased 6,328.6 WETH at an average price of $1,690.7 through Cowswap, and has deposited 2,000 of them into Aave. In the previous ETH position that ended on May 28, it incurred a loss of $480,000.

According to on-chain analyst @ai_9684xtpa, a certain whale swapped 775.56 WBTC ($47.13 million) for 29,920.09 WETH 7 hours ago, at an average price of $1,575.

According to SlowMist monitoring, the ONTR token contract has an access control vulnerability due to the onlyOwner modifier, resulting in a loss of 49.4801 WETH, worth approximately $98,000. The attacker (0xe806...b760) exploited this vulnerability by calling transferOwnership() to set the attacker contract as the owner when the owner was address(0) through permission checks, then called desertJasper() to add hidden balances to the queue, and subsequently called glenFlash() to execute ashBud(), directly increasing the address balance by 1e30 basic units without increasing the totalSupply. The attacker transferred the inflated tokens to PancakePair (0xd46d...83fd) and exchanged them for WETH through swap().

Aave founder Stani Kulechov posted on the X platform that the next step of the rsETH technical recovery plan has been completed, and the loan-to-value (LTV) ratios of WETH loans across all affected networks have been restored to pre-event levels. Users can now again borrow on Aave using WETH as collateral, including through collateral and debt swaps.According to the Aave announcement, this recovery involves network deployments such as Aave V3 Ethereum Core, Ethereum Prime, Arbitrum, Base, Mantle, and Linea.

According to monitoring by PeckShield, a user lost their Alchemix Yearn yvVault position yvWETH, worth approximately $1 million, due to previously authorizing an unverified contract. This unverified contract was created 10 days ago and has vulnerabilities that can be exploited to execute arbitrary calls.

The founder of the Aave Chan Initiative (ACI), Marc Zeller, stated in a post that instead of initiating donations, it would be better to adopt the following plan:Establish a deposit vault named "DeFi United ETH"; transfer Aave's wETH income into this vault, with an annual yield cap set at 5%; tokenize and make the vault deposit certificates tradable, named "AaveETH"; gradually repay the gap through interest and principal.He suggested allowing users to deposit funds and setting the vault capacity to the worst-case gap size. Zeller indicated that if this plan had been adopted at the time, sufficient funds could have been raised as early as last Saturday. He believes that Aave itself has ample income, and both Aave DAO and Labs have several hundred million in reserves, which can ultimately resolve the issue and avoid market panic. He added that he would also deposit most of his ETH into this vault.

MonetSupply, the strategy director at Spark, posted on platform X that Aave has decided to lift the freeze on the Ethereum Core WETH market. Under the current interest rate model, LST/LRT holders can execute high-leverage circular strategies using assets like weETH, taking advantage of the approximately 0.5% discount on the weETH market price and the Aave ETH borrowing rate cap of 5.15%, to achieve an annualized return potential of about 45%.Currently, the utilization rate of the aEthWETH market has reached 100%, making it more difficult for regular depositors and stablecoin borrowing users to exit or refinance from aWETH. MonetSupply pointed out that this decision provides arbitrage opportunities without addressing the liquidity tension of aEthWETH, weakening the liquidity and experience for regular users.

Aave updated the progress of the rsETH event on the X platform, stating that the WETH reserves on the Ethereum Core V3 market have been unfrozen, and users can supply WETH again, but their loan-to-value ratio (LTV) remains at 0. Meanwhile, the WETH reserves on Ethereum Prime, Arbitrum, Base, Mantle, and Linea networks are still frozen. Aave stated that the relevant service providers will continue to advance subsequent processing and synchronize updates on the progress.

According to on-chain analyst Yu Jin (@EmberCN), due to Aave suspending WETH withdrawals, the deposit certificate aEthWETH has experienced a discount.Whale address 0x8ad withdrew 13,000 ETH (approximately 30 million USD) from the exchange, purchased 13,143 aEthWETH through Swap, and then repaid its ETH loan on Aave at a 1:1 ratio, netting a profit of 143 ETH (approximately 330,000 USD).

The DeFi protocol Fluid officially announced the launch of the aWETH redemption protocol. Due to the ETH utilization rate on the Aave platform reaching 100%, many borrowers are currently unable to withdraw funds, and they will face increasing risks if the market fluctuates. The aWETH redemption protocol will allow ETH borrowers to: • Redeem for wstETH or weETH • Immediately restore liquidity • Reduce liquidation risk.If users only borrow ETH, they can fully redeem it. If users have ETH collateral and other debts, the collateral will be seamlessly converted to wstETH or weETH, while the debt remains unchanged. Fluid is collaborating with Lido Finance, EtherFi, and other ecosystem partners to reduce systemic risks in DeFi, alleviate usage pressure, and support a healthier DeFi market. The initial capacity limit of the protocol is set at $1 billion in ETH.

DefiLlama founder 0xngmi posted on the X platform stating that there is currently an immediate liquidation risk for positions without WETH. weETH is close to the liquidation price on Aave, but all these loans are collateralized by ETH, so they are safe unless interest rates rise sharply.

According to on-chain analyst Ai Yi's monitoring, a whale exchanged 9.06 million dollars' worth of WETH for WBTC. In the past 20 minutes, he sold 3,437.09 ETH at an average price of 2,637.62 dollars and bought 109.61 WBTC for 82,494.79 dollars; previously, his first exchange earned him a 6.45% profit in ETH, while the second exchange earned him 9.26 WBTC (approximately 810,000 dollars).

According to on-chain analysts, a certain whale (0x455...433E) that swapped ETH held for 4 years for WBTC at the beginning of the year has recently swapped WETH back.On January 3, this address exchanged 14,145.93 WETH for 492.16 WBTC at a ratio of 0.03479, worth $44.195 million; and exchanged 578.66 WBTC back for 17,706.74 WETH at a ratio of 0.03268, worth $50.33 million.This operation increased its ETH holdings by 6.45%. Currently, this address holds 17,707 WETH and 195.49 WBTC on-chain, with a total value of $67.38 million.