CoinVoice has recently learned that, according to Cointelegraph, Aave founder Stani Kulechov has come under scrutiny for spending $10 million to buy AAVE tokens, with some members of the crypto community believing this move is aimed at increasing his voting power in a critical governance proposal.

DeFi strategist and liquidity expert Robert Mullins stated that the purpose of this purchase is to enhance Kulechov's voting power 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 has also expressed similar concerns, noting that Kulechov may have sold millions of dollars worth of AAVE tokens between 2021 and 2025, and questioning the economic motivation behind his recent repurchase.

At the time of this controversy, Aave token holders are discussing how governance rights for one of the DeFi protocols should be exercised. Critics point out that large token purchases could substantially influence voting outcomes on high-risk governance proposals. [Original link]