News · Crypto · Cointelegraph · Fri, Oct 2, 2026 11:00 AM
Aave V3 Unscathed as $305K Drain Targets Safe Multisig Wallets
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Aave founder confirms v3 remains secure after a $305k loss via a third-party adapter, affecting two Safe multisig wallets.
Aave's creator Stani Kulechov announced that the protocol’s latest version, v3, has not suffered any damage from a recent exploit. The attack drained roughly $305,000 from two Safe multisig wallets by leveraging a third‑party adapter, but no core protocol assets were compromised. The incident underscores the importance of vetting external integrations while reassuring users of the protocol’s resilience.
Third‑Party Adapter Exploit
Despite the loss, Aave’s v3 remains operational and secure. The founder’s statement aims to calm investors and users concerned about the platform’s safety. The event may prompt a review of third‑party adapter usage within the DeFi ecosystem.
Based on reporting from Cointelegraph. Read the original.
OpenBook analysis
Market impact
The incident may prompt caution among DeFi users and could influence sentiment around protocol security. Traders may watch Aave’s v3 activity and the broader use of third-party adapters for potential risks.
General market context for education only, not investment advice.
This briefing was summarized with automated tools from public reporting by Cointelegraph and is general market information, not investment advice. Editorial policy & corrections