Kraken in talks to buy 15% stake in DeFi lender Aave at $385 million valuation
CoinDesk·
60-second summary
Kraken is in talks to acquire a 15% stake in DeFi lender Aave, reportedly valuing the company at $385 million. Aave is rebuilding after the KelpDAO exploit in April triggered a massive exodus of deposits, with billions of dollars withdrawn despite Aave itself not being hacked, highlighting ongoing DeFi security concerns and investor risk tolerance.
The DeFi lender is rebuilding after the fallout from April's KelpDAO exploit sparked a multibillion-dollar exodus of deposits despite Aave itself not being hacked.