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At a glance
- What changed
- Aave froze all DAO-operated V3 and V4 markets as a precaution. New deposits and borrows are paused; withdrawals and repayments still work.
- Who it affects
- Anyone supplying to or borrowing from DAO-operated Aave V3 and V4 markets.
- When
- Announced at 22:44 UTC on 29 October 2026. Aave says it will unfreeze as soon as possible; no time given.
What Aave said
Aave has frozen every DAO-operated market on its V3 and V4 lending protocols as a precaution. In a post on its official X account at 22:44 UTC on 29 October 2026 (23:44 in Amsterdam), Aave said it was aware of reports of a potential incident affecting wallets affiliated with a large centralised exchange. It said Aave's contracts are unaffected and that positions remain overcollateralized, and that the freeze was a precautionary step rather than a response to a problem in Aave itself.
Two minutes later, in a reply in the same thread, Aave said it will monitor the situation and unfreeze the markets as soon as possible. It did not give a time.
What still works and what is paused
Aave spelled out the effect in plain terms. The freeze pauses new deposits and new borrows in the affected markets. Users can still withdraw what they have supplied and repay what they have borrowed. In other words, nobody is locked in: existing positions can be reduced or closed, but no fresh money can enter and no new loans can be opened until Aave lifts the freeze.
The scope is all DAO-operated markets across V3 and V4. Aave did not list the individual networks or assets, and it did not say whether markets that are not operated by the DAO are covered. That distinction matters on V4, where the first externally curated markets, run by Sentora on Ethereum, went live on 22 October.
What is still unknown
Several details have not been published. Aave has not said how long the freeze will last, which body executed it, or whether interest rates, caps or other risk settings were changed at the same time. It has not said whether the Aave App, its separate consumer savings product, is affected. We will update this story when Aave announces that the markets are unfrozen or publishes more detail.
Our take
If you have an open loan on Aave, the main point is that repaying and withdrawing still work, so you can still manage your own risk. Keep an eye on your health factor as usual, because the post does not say anything about liquidations being paused. Moments like this also attract fake support accounts and phishing sites, so only use Aave's official app and channels, and never sign a transaction or share a recovery phrase because a message says you must act to protect your funds.
Dates to know
As announced by the provider. A listed date does not confirm current availability or eligibility.
- Aave freezes DAO-operated V3 and V4 markets as a precautionDate passed
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