Aave’s SEC Investigation Concludes
Aave, the prominent decentralized finance (DeFi) platform, revealed on Tuesday that the U.S. Securities and Exchange Commission (SEC) has wrapped up its investigation, opting against any enforcement action. This conclusion comes four years after the inquiry was initiated, during which Aave’s team invested considerable resources and efforts in safeguarding the integrity of the project.
CEO’s Statement
In his statement on social media platform X, CEO Stani Kulechov expressed relief, stating:
“The process demanded significant effort and resources from our team, and from me personally as the founder, to protect Aave, its ecosystem, and DeFi more broadly.”
This statement was accompanied by the SEC’s official letter confirming the findings.
