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$1 billion in TVL has left Aave 3! The market hasn’t dropped yet, but if it did, we could see far more severe liquidations. A bank run has begun—if hacks continue, this withdrawal trend could accelerate further. In major events like this, the true urgency and severity are often misunderstood, but this incident could lead to the collapse of multiple firms and cause depegs. $10 billion in TVL has exited Aave, and there are already users unable to withdraw their ETH—had they been able to, this number could have been much higher.

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