Aave founder says V3 unaffected after third-party adapter exploit drains $305K

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Cointelegraph
Aave founder says V3 unaffected after third-party adapter exploit drains $305KWorldPing
Image via Cointelegraph.

What happened

Aave founder Stani Kulechov said Aave v3 was unaffected after an attacker exploited a third-party adapter to drain about $305,000 from two Safe multisig wallets.

Key facts

  • Aave founder Stani Kulechov said Aave v3 was unaffected after an attacker exploited a third-party adapter to drain about $305,000 from two Safe multisig wallets.
  • Reported by Cointelegraph and published Fri, 02 Oct 2026 09:30:49 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Aave founder says V3 unaffected after third-party adapter exploit drains $305K

  2. Drift opens exploit recovery claims with initial payouts of just over 1% of user losses

  3. Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%

  4. Blast to wind down Ethereum L2 after costs outpace revenue

  5. Crypto hackers exploit third-party Aave tool to steal 114 ETH

  6. US Midterms: Stand With Crypto Backs Bipartisan Slate After Senate Bill Fails

  7. Aave Founder Warns EU MiCA Review Could Restrict DeFi Access

Sources

The original report was published by Cointelegraph. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Cointelegraph

Related WorldPing coverage

Aave Founder Warns EU MiCA Review Could Restrict DeFi AccessWorldPing
Bitcoin.com

Aave Founder Warns EU MiCA Review Could Restrict DeFi Access

Aave founder Stani Kulechov is criticizing proposals from European regulators that could extend restrictions on stablecoin yield and place new controls around access to DeFi.

Brief by WorldPing · Original reporting by Bitcoin.com