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Emin Gün Sirer: Avalanche Foundation aids Aave after major hack in DeFi sector
Emin Gün Sirer, CEO / Founder at Ava Labs, highlighted the support provided by the Avalanche Foundation to Aave following a significant hack.
He emphasized that DeFi is still in its early stages and noted that recent hacks, which mainly targeted Ethereum and some centralized Layer-2 solutions, impact the broader crypto community by eroding trust in new financial infrastructures.
Sirer has previously said that Avalanche is positioned for advanced technological development compared to Bitcoin, noting its potential for new initiatives (read more). He has also argued that combining Avalanche with proof of work is technically possible and that blockchain reorganizations are not feasible on the platform (read more). These comments reflect a continued focus on Avalanche’s technical capabilities within the crypto ecosystem.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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