Tag: Aave

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North Korea terror victims escalate fight to seize $71 million from Aave hack

Lawyers seeking to seize $71 million in frozen ether for victims of North Korean terrorism changed their legal strategy Tuesday, arguing in a new...

Aave Asks Court to Vacate Restraining Notice Targeting Recovered Kelp DAO Assets

The emergency motion challenges a New York court order redirecting recovered Kelp DAO exploit funds toward decades-old terrorism judgments against North Korea.Aave LLC, a...

Aave asks court to block $71 million crypto seizure tied to North Korea claims

Leading decentralized lending platform Aave has asked a U.S. federal court to block an attempt by victims of North Korean terrorism to seize about...

Aave Challenges Law Firm’s Freeze on Kelp Exploit Ether

Decentralized finance protocol Aave filed an emergency motion on Monday in New York to vacate a restraining notice from a US law firm aimed...

Aave Deposits on MegaETH Cross $575M as Post-TGE Liquidity Pours In

MegaETH’s DeFi TVL has doubled since Thursday’s MEGA token launch, with USDM and Terminal Points farming pulling in fresh capital.Aave’s deposits on MegaETH crossed...

A crypto coalition releases technical proposal to save Aave users from a massive token exploit

A $300 million hole doesn’t usually come with a neat repair manual. This time, the group spearheading the Kelp DAO recovery effort is trying...

Curve founder pitches market-based fix for $700K bad debt in contrast to Aave bailout

Curve founder Michael Egorov has proposed a market-based fix for about $700,000 of bad debt tied to LlamaLend, Curve’s lending platform.“I propose a free-market...

Arkham says Aave raised $160 million of the $200 million it needs to cover exploit damage

Lending platform Aave has raised about $160 million it needs to cover the $200 million in bad debt left behind by the year's largest...

Aave DAO Asked to Commit 25,000 ETH to Industry-Wide rsETH Recovery Fund

The Aave DAO is voting on a proposal to provide funding to restore Kelp DAO's rsETH product backing after an April 18 bridge incident,...

Aave leads DeFi bailout push after $292M crypto exploit

Aave and several major crypto firms are coordinating a recovery effort to stabilize decentralized finance (DeFi) markets after a $292 million exploit left the...

Aave Announces ‘DeFi United’ Relief Fund to Restore rsETH Backing After Kelp Exploit

Lido is the first service provider to publicly announce its participation in the relief fund via a governance proposal requesting up to 2,500 stETH....

SparkLend Sees Over $1B in Deposits Since Kelp Exploit as Aave TVL Plunges

Aave TVL has dropped by $10B since the Kelp attackers used the protocol to borrow $190 million in WETH, depositing unbacked rsETH. DeFi's lending...