AAVE RECOVERS $70M AFTER EXPLOIT
Good news first: Aave founder confirmed the Arbitrum Security Council helped recover approximately $70 million in ETH assets after a recent incident.
Now the bad news.
Aave has seen MASSIVE outflows. Total deposits fell from $48.5 billion to $30.7 billion.
That's nearly one-third of its value gone in just three and a half days.
DeFi confidence is shaken. Trust takes years to build and seconds to break.
AAVE
97.06
+0.89%
ETH
2,277.99
-1.82%
#Aave #DeFi #HackRecovery #CryptoNews #Arbitrum