Aave Price Recovers Back To $57, But Threat Of New Attack Looms Over Protocol

Aave Price Recovers Back To $57, But Threat Of New Attack Looms Over Protocol


The Ethereum-based decentralized finance (DeFi) protocol Aave suffered an attack led by Avraham Eisenberg. The controversial individual was behind a sophisticated run against Mango Markets. The run has been called an attack by some and a clever strategy by others. 

Aave (AAVE) trades at $57 with a 7% and 36% loss in the last 24 hours and the previous week, respectively. Curve Finance’s native token CRV was also part of the attack. This token has seen significant selling pressure in the short term but has been trending to the upside over today’s trading session. 

AAVE’s price moving sideways after a downside trend on the daily chart. Source: AAVEUSDT Tradingview Orchestrating An Attack On Aave, First Attempt?

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Rudy Kadoch, founder of the portfolio management project Nested,

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