Aave Protocol Halts These Market Operations Due To Bug Report
Decentralized finance (DeFi) platform Aave has suspended operations in a number of markets after receiving a problem report on a certain function of the protocol.
DeFi Protocol Discovers Vulnerability; Is User Funds At Risk? On Saturday, November 4, decentralized lending protocol Aave announced – via a post on X (formerly Twitter) that it has paused the Aave V2 Ethereum market and suspended certain assets on Avalanche.
In addition, the protocol has frozen specific assets on Aave V3 on Polygon, Arbitrum, and Optimism. According to the protocol’s announcement, these actions serve as a temporary precautionary measure following a problem report on a specific feature. Related Reading: RUNE Solid 100% Rally Hits Barrier: THORChain Price Nears Key Resistance Furthermore, Aave said in the post that the Aave V3 markets on Ethereum, Base, and Metis and the V2 markets on Polygon and Avalanche are unaffected.
Meanwhile, no funds on any of the markets were at risk, according to DeFi lending protocol.
🚨🚨 🚨 On 11-04 17:38:35 UTC, Aave Guardian has taken necessary protection measurements to pause AaveV2 protocol (and all Aave pools are safe): https://t.co/3xJzfiejig Given the protocol is “forked” by multiple third parties and the exact details are not disclosed yet, it is…