Aave Crisis Update: $70 million ETH Recovered, Founder Indicates Progress in Implementing Multi-Solution Risk Mitigation

BlockBeats News, April 22, Aave founder Stani Kulechov commented on recent events, stating that the team is actively working on multiple solutions with the core goal of safeguarding user interests and restoring market order.

He revealed that through collaborative efforts, the Arbitrum Security Council has successfully recovered approximately $70 million worth of ETH assets, significantly reducing the overall risk exposure. Currently, the team is engaging with various partners to discuss and assess different courses of action, expressing "confidence" in the final solution.

Kulechov emphasized that the current focus is on advancing the resolution of the issue rather than assigning blame, while continuing to review the incident and optimize mechanisms. He stated that this event is not only relevant to Aave itself but also a critical moment for the DeFi industry, and the team will continue to provide updates on progress.