Aave crisis update: Recovering $70 million worth of ETH, founders say they are implementing multiple strategies to mitigate the risk

BlockBeats News, April 22 — Aave founder Stani Kulechov spoke about recent events, stating that the team is continuously advancing multiple solutions with the core goal of protecting user interests and restoring normal market order.

He revealed that through multi-party collaboration, the Arbitrum Security Council has successfully recovered approximately $70 million worth of ETH assets, which is expected to significantly reduce overall risk exposure. Currently, the team is engaging in discussions with several partners to evaluate different disposal options and has expressed “confidence” in the final solution.

Kulechov emphasized that the current focus is on resolving the issue rather than assigning blame, and that they will continue to review the incident and optimize mechanisms. He stated that this event is not only about Aave itself but also an important moment for the DeFi industry, and the team will continue to update the public on progress.

ETH-2.92%
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