Aave Crisis Update: $70 Million in ETH Recovered, Founder Says Multiple Solutions Being Pursued to Mitigate Risks

On April 22, Aave founder Stani Kulechov addressed recent events, stating that the team is actively pursuing multiple solutions with the core goal of safeguarding user interests and restoring normal market order. He revealed that, through collaborative efforts, the Arbitrum Security Council has successfully recovered approximately $70 million in ETH assets, which is expected to significantly reduce overall risk exposure. The team is currently in discussions with several partners to evaluate different disposal paths and expressed confidence in the final solution. Kulechov emphasized that the current focus is on resolving the issues rather than assigning blame, while also committing to a thorough review of the incident and optimizing mechanisms. He noted that this event is not only significant for Aave but also a crucial moment for the DeFi industry, and the team will continue to keep the public updated on progress.