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Simon Dixon: Hacker deposited $60M stolen USDT into Aave and borrowed $44.6M in ETH

Simon Dixon: Hacker deposited $60M stolen USDT into Aave and borrowed $44.6M in ETH
Hacker moves $60M USDT and borrows ETH

Onchain data shows that a hacker deposited approximately $60 million in stolen USDT into Aave and borrowed 19,762 ETH, valued at about $44.6 million, before asset freezes were implemented.

Simon Dixon, Chief Executive Officer at BankToTheFuture, described this as an interesting development when reporting the activity.

Dixon has previously highlighted compliance issues in traditional finance, noting that HSBC’s sharia-compliant fund invested in firms linked to Israeli military supply chains. He has also commented on profit models in the security sector, stating that Palantir operates as a digital prison while CXW and GEO focus on physical prisons. Dixon’s coverage often focuses on the intersection of finance, technology, and regulatory concerns.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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