Aave [AAVE] passes proposal to clear millions in debt… Details inside

Aave’s community recently approved a proposal to clear a bad debt of 2.7 million CRV. The bad debt stemmed from a failed exploit launched by Avraham Eisenberg in 2022. 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.