BlockBeats News, December 24th, according to Cointelegraph, Aave founder Stani Kulechov has recently faced scrutiny for spending over $10 million to purchase AAVE tokens, with some members of the crypto community suggesting that this move was intended to increase his voting power in a key governance proposal.
DeFi strategist and liquidity expert Robert Mullins posted that the purpose of this purchase is to enhance Kulechov’s voting rights, in order to support a proposal in the upcoming vote that directly harms the best interests of token holders. He added: “This is a clear example of how token mechanisms are not adequately designed to effectively curb governance attacks.”
Well-known crypto KOL Sisyphus also expressed similar concerns, stating that Kulechov may have sold millions of dollars worth of AAVE tokens between 2021 and 2025, and questioning the economic motives behind this repurchase.
This controversy arises as Aave token holders are discussing how the governance rights of this DeFi protocol, one of its kind, should be exercised. Critics point out that large-scale token purchases could substantially influence voting outcomes in high-risk governance proposals.
