Aave is proposing a risk framework designed to govern assets listed across Aave V3, V4, and Aave Horizon, following April's KelpDAO exploit. The exploit saw attackers mint roughly $292 million in unbacked rsETH through KelpDAO's LayerZero bridge and use the asset as collateral on Aave. The framework

The decentralized lending protocol Morpho completed a $175 million funding round on June 8, co-led by Paradigm, a16z crypto, and Ribbit Capital, with full dilution valuation reaching up to $2 billion. Morpho’s total value locked (TVL) across 37 chains is nearing $6.5 billion, compared with Aave’s $12 billion. Funding Round Confirmed Details: Investors and Valuation Structure Co-leads: Paradigm, a16z crypto, Ribbit Capital Confirmed participating institutions: Apollo Funds, Circle Ventures, VanEc

Aave is moving to implement a new risk framework following an April exploit that exposed vulnerabilities in cross-chain bridge systems. Aave founder Stani Kulechov announced Tuesday that a proposal prepared by LlamaRisk has been submitted for governance review, covering asset risk, bridging risk, ch

Aave announced June 1 that it has restored full liquidity to its lending pools following a $300 million cross-chain exploit that threatened the protocol's cash reserves. The decentralized finance protocol mobilized a $300 million industrywide rescue fund and secured an emergency federal court

The KelpDAO exploit allowed an attacker to siphon unbacked rsETH tokens and deposit them into Aave, triggering one of the sharpest liquidity contractions in recent DeFi history, according to the latest Cryptoquant report dubbed the “ DeFi Contagion.” Key Takeaways: The KelpDAO exploit on

Circle released a post-quantum security whitepaper for its Arc blockchain ecosystem, outlining a phased strategy to protect digital assets from future quantum computing threats. On May 29, Circle's Arc account announced the whitepaper alongside news that decentralized finance platform Aave is

Aave Labs' U.K. subsidiaries received FCA approval to register as cryptoasset exchange providers under U.K. anti-money laundering rules. The two subsidiaries — Push Labs Ltd. and Push Virtual Assets Ltd., operating together as Push — now hold dual regulatory permissions: cryptoasset exchange provide

Aave Labs released an ARFC (Aave Request for Comments) proposal on May 29, proposing a standardized framework for listing technical assets for Aave V3, V4, and Horizon. Assets with major technical flaws will face reduced borrowing limits, restrictions on collateral parameters, delayed listing, or a recommendation to refuse to onboard the protocol. The proposal confirms that the framework does not replace market risk analysis and governance judgment, but instead provides a technical eligibility b

An incident report published by Llamarisk to the Aave forum explains that a bridge exploit targeting KelpDAO’s Layerzero V2 rsETH route on Saturday allowed an attacker to extract 116,500 rsETH from Ethereum’s OFT adapter without burning any tokens on the source chain. Llamarisk’s report notes that t

Aave Labs secured UK Financial Conduct Authority (FCA) registration for its Push subsidiaries—Push Labs Limited and Push Virtual Assets Ireland Limited—as cryptoasset exchange providers, expanding the company's regulated operations in Europe. The approval allows Push to conduct crypto-related