$AAVE Sighs in relief after an attempt to exploit a value of $310,000 by transferring it externally through a third party operating on the network—not Aave V3 protocol itself.
Aave founder Stani Kulechov confirmed that the vulnerability identified by the cybersecurity firm SlowMist focused on an intermediate tool built on top of Aave, meaning the protocol’s third version remained safe from the hack.
This difference is crucial in the decentralized finance sector, where attacks often target layers and interfaces built on top of the underlying protocols rather than the core code itself.
A recurring lesson: always verify the layers you interact with before depositing your funds—the main protocol may be secure, while the connected tool is the weak point.
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Aave founder Stani Kulechov confirmed that the vulnerability identified by the cybersecurity firm SlowMist focused on an intermediate tool built on top of Aave, meaning the protocol’s third version remained safe from the hack.
This difference is crucial in the decentralized finance sector, where attacks often target layers and interfaces built on top of the underlying protocols rather than the core code itself.
A recurring lesson: always verify the layers you interact with before depositing your funds—the main protocol may be secure, while the connected tool is the weak point.
Press $AAVE to trade
$AAVE
Someone else beat you to it—follow along. Enter your profile and stay with the ones reading before the news spreads.
