CryptoWorld Network news: The AAVE DAO community has initiated an ARFC proposal to officially suspend AAVE token buybacks. Previously, on April 18, a LayerZero rseth bridge vulnerability by Kelp caused uncollateralized rseth to flow into multiple on-chain AAVE V3 markets, and the protocol has already taken risk-control measures such as freezing the related assets. The proposal states that, before the loss allocation and potential bad debt are clarified, the buyback is paused to preserve funding flexibility; execution has been stopped since April 19, and the time to resume will be decided based on subsequent assessment.

AAVE-0.55%
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