Kraken in talks to buy 15% stake in DeFi lender Aave at $385 million valuation (opens original article in a new tab)

Kraken is negotiating to acquire a 15% stake in DeFi lender Aave at a $385 million valuation, following Aave's financial challenges after a major exploit.

• Kraken is in talks to buy a 15% stake in Aave at a $385 million valuation.
• The deal involves 35,000 ether and 250,000 AAVE tokens for the stake.
• Aave faced significant bad debt after the KelpDAO exploit in April.