According to data published by blockchain security and data analytics company PeckShieldAlert on Monday, the address labeled Justin Sun has withdrawn more than $100 million in Aave Protocol V2 USDT stablecoins in various transactions.

The Tron founder withdrew $100 million in USDT tokens from the Aave V2 Protocol in 2 batches of $50 million each to an address funded by the Poloniex crypto exchange.

As a result, the USDT in the TVL pool of the Aave V2 protocol (total value locked) fallen from $300 million to $200 million after Sun’s withdrawal.

Source: DefiLlama

The reason behind making such a large number of withdrawals is probably related to the recent ban imposed by Aave at the address of the founder of Tron after the ETH payment of Tornado Cash. In August, Aave banned Justin Sun’s address after he received a random 0.1 ETH from blacklisted cryptocurrency mixer Tornado Cash. After asking for help from Stani Kulechov, founder and CEO of Aave, Justin Sun’s Aave account was restored.

In August, several decentralized applications on the Ethereum network implemented code changes to revoke access from “sanctioned” addresses. Following the decision by the US Treasury Department’s Office of Foreign Assets Control (OFAC) to penalize all addresses related to Tornado Cash during that month, users who had interacted with Tornado Cash were labeled as “banned” and therefore excluded from DeFi protocols such as Aave, Uniswap, Ren, Oasis, balancer, TRM Labs, as well as other crypto platforms.

The sanctions applied not only to addresses associated with Russia, but also to any user, including US citizens, who had ever obtained funds from a Tornado Cash address.

This is not the first time that the Tron founder has made such massive withdrawals from a crypto platform. Last year in October, Sun he retired billions of dollars in cryptocurrency from the loan funds of the DeFi lending platform Aave. As a result, the withdrawals removed massive liquidity from the platform, leading to much higher interest rates.

The withdrawal was seen as related to concerns among members of the DeFi community that Aave was suspected to be vulnerable to the same ‘exploit’ that hit the Cream Finance DeFi protocol earlier that month, resulting in the theft of $130 millions in cryptocurrencies.

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