BlockBeats news, on December 24, according to Cointelegraph, Aave founder Stani Kulechov has recently come under scrutiny for spending $10 million to buy AAVE tokens, with some in the crypto community believing that this move is intended to enhance his voting power in a key governance proposal.
DeFi strategist and liquidity expert Robert Mullins stated that the purpose of this purchase is to enhance Kulechov's voting power in order to support a proposal that directly harms the best interests of token holders in the upcoming vote. He added, "This is a clear example that the token mechanism has not been adequately designed to effectively curb governance attacks."
Well-known crypto KOL Sisyphus also expressed similar concerns, stating that Kulechov may have sold millions of dollars worth of AAVE tokens between 2021 and 2025, and questioned the economic motives behind this buyback behavior.
This controversy arises at a time when Aave token holders are discussing how to exercise governance rights over one of this DeFi protocol. Critics point out that large token purchases could significantly influence voting outcomes on high-risk governance proposals.
