An address borrowed 115 million USDC from Aave

According to a TechFlow report on October 31, Whale Alert monitoring showed that at approximately 04:29 Beijing time, 115 million USDC (approximately $115 million) was transferred from Aave to an unknown wallet.

On-chain data verified by TechFlow found that the transaction called the Aave V3 Ethereum Main Pool, with funds transferred out of the aEthUSDC contract and approximately 115 million variableDebtEthUSDC minted to the receiving address, indicating that the funds were a variable-rate loan rather than a deposit withdrawal.

The borrowing address currently has no public label, and the use of the funds remains unclear; further details are still being tracked.

Source: TechFlow