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Maple Finance Says syrupUSDT Funds Have Been Withdrawn From Aave Mantle

According to Maple Finance, all USDT supplied by syrupUSDT on Aave Mantle has been removed, while syrupUSDC and syrupUSDT were not affected by the rsETH vulnerability.

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Summary

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Terms & Concepts
  • Aave: A decentralized lending protocol that lets users supply and borrow crypto assets through smart contracts (self-executing blockchain code).
  • USDT: A U.S. dollar-pegged stablecoin designed to maintain a stable value for use in crypto trading and payments.
  • rsETH vulnerability: A reported security weakness related to rsETH, indicating a potential risk affecting connected crypto systems or assets.