Aave Smashes $60B Milestone—Then Phishers Come Knocking

Aave just joined the $60B club—and the sharks smelled blood in the water.

DeFi's lending titan hit record liquidity… right before attackers pounced with coordinated phishing scams. Classic crypto: one step forward, one step into a trapdoor.

Hackers vs. hodlers: The arms race escalates

As Aave's TVL balloons, bad actors are weaponizing its hype. Fake airdrops, spoofed governance votes—the playbook gets slicker while regulators nap at the wheel. (Meanwhile, Wall Street still thinks 'DeFi' is a typo.)

Bullish on tech, bearish on human nature

The protocol's bulletproof—the users? Not so much. Until crypto solves its 'click-first-ask-questions-later' culture, these attacks will keep cashing in.

Just a day after Aave announced it had surpassed $60 billion in net deposits across 14 networks, scammers launched a phishing campaign targeting its users. Security firm PeckShield reported that fake Aave investment platforms were promoted through Google Ads, tricking users with phishing links. Aave’s deposits have more than tripled since August 2024, jumping from $18 billion to $60 billion, making it the first DeFi protocol to reach that level, unfortunately, also drawing cybercriminal attention.