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HypurrFi Suspends Aave V3 Markets Due to Rounding Error Vulnerability

HypurrFi takes action to freeze affected markets while collaborating with Aave deployers and researchers to resolve a vulnerability in the Aave V3 platform.

AAVE

Summary

HypurrFi has suspended new supply and borrowing on its XAUT0 and UBTC markets due to a rounding error vulnerability in Aave V3. Withdrawals and repayments remain operational. The platform is working with other Aave deployers and researchers to address the issue, ensuring user funds remain safe.

Terms & Concepts
  • Aave V3: A version of the Aave decentralized lending protocol that enables users to supply, borrow, and earn interest on digital assets.
  • DeFi: Short for decentralized finance, it refers to blockchain-based financial systems without traditional intermediaries.
  • Rounding error vulnerability: A software flaw caused by imprecise numerical calculations that can lead to unintended financial discrepancies in smart contracts.