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Crypto DeFi

Aave V3 Unaffected After Adapter Exploit Drains $305K From Safe Wallets

A third-party adapter exploit drained about $305,000 from two Safe multisig wallets, Aave founder Stani Kulechov said. Kulechov stated that Aave v3 was unaffected by the attack, which targeted the external adapter rather than the lending protocol itself.

Original source

AI take

The incident underscores a persistent structural risk in modular DeFi: the attack surface extends beyond audited core contracts to the third-party adapters and integrations that connect them. Aave's core lending markets remaining untouched is the reassuring part, but the loss landing on Safe multisig wallets shows that composability routes value through components with thinner security guarantees. The open question is whether adapter-level tooling and approval hygiene evolve fast enough to match the pace at which these integrations multiply.

Generated by AI for reference only.

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