⏸️The AAVE DAO is voting to pause $AAVE buybacks as it deals with fallout from the exploit.📉

💥 A major April hack wave drained over $620M from DeFi, including a ~$293M bridge attack tied to KelpDAO.

While Aave itself wasn’t hacked, it felt the impact—losing billions in deposits due to market shock.😰

🛑 Why pause buybacks?

The DAO wants to preserve funds in case more support is needed to cover losses linked to the rsETH issue. It’s about staying flexible during uncertainty.

🤝 Meanwhile…

Circle recently bought AAVE, signaling confidence even as U.S. lawmakers negotiate a major stablecoin bill.

💭 Moments like this show how fast crypto can shift—from growth to risk management overnight.

👉 Do you think pausing buybacks is the smart move, or does it hurt investor confidence?

AAVE

92.59

-5.31%

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