{"id":192692,"date":"2023-11-13T18:27:14","date_gmt":"2023-11-13T12:57:14","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=192692"},"modified":"2023-11-13T18:27:14","modified_gmt":"2023-11-13T12:57:14","slug":"aave-unpauses-v2-and-v3-markets-after-addressing-critical-security-bug-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/aave-unpauses-v2-and-v3-markets-after-addressing-critical-security-bug-crypto-news\/","title":{"rendered":"Aave unpauses V2 and V3 markets after addressing critical security bug – Crypto News"},"content":{"rendered":"
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Aave said its V2 and V3 markets are operational after a temporary pause earlier in the month due to security concerns.<\/p>\n

The lending protocol reopened operations on its V2 protocol earlier today, Nov. 13, saying<\/a>:<\/p>\n

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\u201cAll <\/span>Aave<\/span> V2<\/span> markets are now operational. Security of the <\/span>Aave<\/span> Protocol is a non-negotiable priority for the community. We appreciate the patience and support during this time, continue to follow Governance for a postmortem in due course.\u201d<\/span><\/p>\n<\/blockquote>\n

On Nov. 12, the decentralized protocol resumed operations for its V3 markets on various blockchains, including Optimism<\/a>, Arbitrum<\/a>, Avalanche<\/a>, and Polygon<\/a>. \u201cAffected Aave V3 markets have been unpaused by the Community Guardian following governance proposal execution,\u201d Aave said.<\/p>\n

Earlier in the month, Aave paused certain operations of its V2 protocol on Ethereum (ETH<\/a>) and froze unnamed assets on its V3 on Polygon, Arbitrum, and Optimism. At the time, the protocol explained<\/a> that the actions were taken as a preventive measure because it received \u201ca report on the Aave bug bounty program about a high vulnerability affecting Aave v2, which afterward was raised to a critical.\u201d<\/p>\n

After successfully addressing the bug, Aave users can now use the platform for various actions, including depositing, repaying, initiating, or closing loan positions.<\/p>\n

Meanwhile, the temporary suspension of Aave\u2019s activities due to a vulnerability aligns with the broader trend in the blockchain and crypto industry, where entities increasingly prioritize security measures to safeguard their platforms. A recent example is Perpetual Protocol, which awarded<\/a> a $10,000 bounty to white hat hackers for uncovering a $32 million vulnerability in its system.<\/p>\n

Aave is one of the largest decentralized finance projects within the industry. The total value of assets locked on the protocol currently exceeds $6 billion, according to DeFillama data<\/a>.<\/p>\n

Data<\/a> from CryptoSlate<\/em> further shows that security concern scares did not negatively impact the AAVE token, up more than 50% over the past 30 days. It is trading for $96.21 as of press time.<\/p>\n

Posted In: Aave<\/a>, DeFi<\/a>, Outage<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Aave said its V2 and V3 markets are operational after a temporary pause earlier in the month due to security concerns. The lending protocol reopened operations on its V2 protocol earlier today, Nov. 13, saying: \u201cAll Aave V2 markets are now operational. Security of the Aave Protocol is a non-negotiable priority for the community. We […]<\/p>\n","protected":false},"author":2,"featured_media":192693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-192692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/192692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=192692"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/192692\/revisions"}],"predecessor-version":[{"id":192694,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/192692\/revisions\/192694"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/192693"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=192692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=192692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=192692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}