Aave, a decentralized finance (DeFi) platform, has acknowledged a critical vulnerability in its version 2 (Aave v2) reported through its bug bounty program. A proposal has been submitted to restore normal operations, and AAVE tokenholders will begin voting on it today. The vulnerability prompted Aave to freeze assets and halt select markets. A coalition of Aave contributors and web3 developers has put forth a proposal to address the vulnerabilities and has been contacting Aave forks on different networks to inform them about the risk and mitigation measures.
Defi ethos goes beyond building permissionless technologies. Community devs have been contacting Aave forks on all the known networks to inform about the vulnerability risk and explain how to mitigate it. https://t.co/klbroQLhKO
A coalition of Aave contributors and web3 developers put forth a proposal to address vulnerabilities discovered in two versions of the protocol which prompted a halt on select markets https://t.co/qqiY4FCHqT
⚠️AAVE tokenholders will begin voting on a proposal to restore normal operations today. The proposal follows Aave freezing assets offering fixed-interest borrowing in response to a reported security vulnerability 👀 Read More: https://t.co/vS2zVFm2PN https://t.co/Esr8tqYNuZ
last proposal needed to restore normal operation of the V2 and some V3 markets has been submitted by @bgdlabs, six days from now everything will be back to normal https://t.co/mv07fdV037
⚠️Critical Vulnerability Detected Decentralized finance (#DeFi) platform @Aave has recently acknowledged a critical vulnerability reported through its bug bounty program. The issue primarily affects Aave's version 2 (Aave v2). Due to the potential severity of the… https://t.co/TdxKHlkxWY https://t.co/khZneKumSC