According to data released by blockchain security and data analytics company PeckShieldAlert on Monday, the address labelled as Justin Sun has withdrawn more than $100 million worth of USDT stablecoins from Aave Protocol V2 in several transactions.
As a result, the USDT in the Aave Protocol V2 pool TVL (Total value locked) dropped from $300 million from $200 million after Sun’s withdrawal.
Source: DefiLlama
The reason behind making such a huge amount of withdrawals is likely connected to the recent ban imposed by Aave on Tron founder’s address after Tornado Cash ETH payment. In August, Aave banned Justin Sun’s address after he received 0.1 ETH randomly from blacklisted cryptocurrency mixer Tornado Cash. After calling for assistance from Stani Kulechov, founder and CEO of Aave, Justin Sun’s Aave account was reinstated.
In August, several decentralized applications on the Ethereum network implemented code changes to revoke access from “sanctioned” addresses. Following the US Treasury...
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