A security vulnerability has emerged in the DeFi altcoin project Aave. Following the development, the project paused V2 on Ethereum. It also froze certain assets in V3 due to the said issue.
Security vulnerability caused a problem in Defi altcoin Aave!
Decentralized lending (DeFi) protocol Aave paused certain transactions after becoming aware of an issue. The DeFi altcoin project announced this development on the social media platform X. In this announcement, the protocol also stated that no user funds are currently at risk.
The DeFi lending protocol paused some transactions as a temporary protective measure following reports of an issue. In this context, Aave has temporarily suspended Aave V2 transactions on Ethereum. Additionally, Aave V3 on Polygon, Arbitrum, and Optimism froze certain holdings. The protocol announced that the service would be restarted following approval of a proposal to restart paused operations, and a postmortem explaining the issue would be released “once the issue has been fully resolved.” Meanwhile, the DeFi altcoin project noted that V3 remains live on Ethereum, Base, and Metis. He also clarified that V2 transactions on Polygon and Avalanche were not affected.
Details coming…
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