Not a great loss… But preventable
Aave stated in the tweet about the exploit that all borrowing was covered by the liquidation procedure. However, Aave took a hit because 2.64 million CRV—or around $1.6 million—were yet unpaid. The loss stood to be insignificant in light of its Total Value Locked (TVL) magnitude. The TVL that was visible at the time of this writing was $3.82 billion, according to data from DefiLlama.
Not a great loss… But preventable
Aave stated in the tweet about the exploit that all borrowing was covered by the liquidation procedure. However, Aave took a hit because 2.64 million CRV—or around $1.6 million—were yet unpaid. The loss stood to be insignificant in light of its Total Value Locked (TVL) magnitude. The TVL that was visible at the time of this writing was $3.82 billion, according to data from DefiLlama.
