Aave Founder Denies Token Purchase Allegations Amid Governance Vote Controversy

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Aave founder Stani Kulechov denied claims a large AAVE token purchase aimed to sway a failed governance vote. The dispute followed DAO concerns over CoW Swap fee revenue sent to an Aave Labs-linked wallet. The rejected proposal to transfer Aave brand assets to the DAO sparked transparency debates. Ernesto Boado, listed as the author, said the proposal was submitted without his knowledge. New token listings and token launch news remain key topics in the DeFi space.

Citing Cryptonewsland, Aave founder Stani Kulechov has denied claims that a large AAVE token purchase was intended to influence a recently failed governance vote. The controversy emerged after DAO members raised concerns over the transfer of CoW Swap fee revenue to a wallet linked to Aave Labs. The rejected proposal, which aimed to transfer Aave brand assets to the DAO, sparked debates over transparency and governance procedures. Additionally, the listed proposal author, Ernesto Boado, distanced himself from the submission, claiming it was made without his knowledge or approval.

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