Aave [AAVE] passes proposal to clear millions in debt

DeFi lending protocol Aave [AAVE] passed a governance proposal on 25 January, which sought to eliminate excess debt in the Ethereum [ETH] v2 liquidity pool’s CRV Reserve. The bad debt stemmed from a failed exploit launched by Avraham Eisenberg, the notorious hacker behind the $116 million Mango Markets exploit.