Aave v3 exploit drains up to $310K after Safe module attack

HACK OR EXPLOITAave v3 exploit drains up to$310K after Safe module attack53IMPORTANCECLOSED7NEWS MEDIA7PIECESOct 2, 2026 03:11blockboard.net

An exploit on a FlashLoopAdapter module linked to Aave v3 drained about 114 ETH, with multiple reports putting the loss at roughly $305,000 to $310,000 from two Safe multisig wallets. Aave’s founder said Aave v3 itself was unaffected, and the contract involved was a third-party adapter rather than Aave’s core pools.

What this rests on

Claim by claim, with its source
✓
The drain took about 114 ETH from two Safe multisignature wallets.
✓
The attacker used access-control flaws in FlashLoopAdapter.
✓
One report put the loss at roughly $305,000 after the module was exploited on Ethereum.
✓
Another report said the adapter was used to manage leveraged Aave v3 positions before the exploit.
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A security alert said the module’s weakness was tied to access control in the Loop Safe module rather than Aave’s core pools.
✓
Aave’s founder said Aave v3 was unaffected and described the compromised contract as external to Aave.

What it means

Who it affects, what changes and what is still unconfirmed

Each sentence links inside to the piece that supports it.

Users who relied on the affected Safe wallets would notice the loss immediately, because the attack drained funds from two multisig addresses. Aave users would also see that the incident was described as separate from Aave v3 itself, with the affected contract sitting outside the core protocol.

Before this event, the adapter was used to manage leveraged Aave v3 positions through a third-party module. After the exploit, that same setup could no longer be treated as secure in the way it had been, because the access-control weakness in FlashLoopAdapter was the route used to take funds.

Market reaction

AA Aave it is the asset of the company or protocol in the event from 2 h before to 4 h after the line marks the first headline
published
+0.33 % before publication
+5.45 % after
$175price at publication
12series points

How the story was built

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 1 00:00
+1 d 3 h
Oct 2 03:34
Crypto Briefing context
Its angle: vulnerabilities, significant, highlights
+1 d 6 h
Oct 2 05:59
crypto.news context
Its angle: blockchain, estimated, controls; with quotes
+1 d 8 h
Oct 2 08:31
Coinpedia adds
Brings into the story: ETH, with quotes
+1 d 9 h
Oct 2 09:30
+1 d 12 h
Oct 2 12:56
The Cryptocurrency Post context
Its angle: ismoduleenabled, transaction, reportedly; with quotes
+1 d 14 h
Oct 2 14:05
Crypto Economy echo
No new facts: infrastructure, stanikulechov, compromised; with quotes

Thefts of a similar size

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1.2 years ago numa. · Incorrect Share Accounting incident $313k
2.7 years ago Poldo (POLDO) incident $311.6k
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2.7 years ago LongNoseDog (LONG) incident $309.7k
4 months ago mySwap CL · Incorrect Share Accounting incident $305k

4197 incidents stored · 1254 were as large as this one or larger ($310k)

What could happen next

What the prediction markets currently price as likely. This is context, not a forecast of ours: there is money on it, and that is all we show.

1 % no series
Kalshi · $105,251 of open interest · resolves on Oct 11, 2026
0 % no series
Kalshi · $100,667 of open interest · resolves on Oct 15, 2026