- Aave implements temporary security measures in several markets amid a report of a bug.
- It paused the Aave V2 Ethereum market and certain assets on the V2 Avalanche
- Meanwhile, users can withdraw and repay but not transact on frozen assets.
The prominent DeFi liquidity protocol Aave has recently taken a series of preemptive security measures on its platform, including pausing assets of multiple markets following intelligence on a looming threat.
In a recent statement on the X platform (formerly Twitter), Aave disclosed that it received a notification regarding a specific feature within the Aave Protocol. The protocol engaged with community developers to assess the situation. Given the likelihood of a threat, the guardian implemented a temporary precautionary measure. Meanwhile, it boldly asserted that no financial assets were in jeopardy.
Today we received a report of an issue on a certain feature of the Aave Protocol. After validation by community developers, the guardian has taken the following temporary prevention measure (no funds are at risk):— Aave (@aave) November 4, 2023
Notably, the temporary precautionary measures Aave has enforced cut across …
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