Aave suspended some operations due to the vulnerability

[Lord777]

The Aave DeFi protocol suspended some operations after the vulnerability was discovered. The project reported that users ' funds are safe.

Today we received a report of an issue on a certain feature of the Aave Protocol. After validation by community developers, the guardian has taken the following temporary prevention measure (no funds are at risk):
— Aave (@aave) November 4, 2023

After confirming the information, community developers have taken the following preventive measures::

* Suspended Aave V2 Ethereum and some assets on Avalanche;

* Some Aave V3 assets have been frozen on Polygon, Arbitrum, and Optimism.

"The Aave V3 markets on Ethereum, Base and Metis, as well as Aave V2 on Polygon and Avalanche are not affected. All funds are safe in all Aave markets," the report says.

In frozen assets, users can only close positions and withdraw funds, without deliveries or borrowing. In suspended assets, any actions are not possible.

A proposal to restore the normal operation of the protocols will be published "in the near future". Detailed information about the vulnerability will be disclosed after it is resolved.

Over the past 24 hours, AAVE has lost 1%, according to CoinGecko. At the time of writing, the native DeFi protocol token is trading at $90.

Recall that in July, Aave activated the decentralized stablecoin GHO in the main Ethereum network. The deployment received 100% community support.