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Aave founder denies report of Kraken talks to buy Aave stake

Aave founder Stani Kulechov denied a report that Kraken parent Payward is negotiating to acquire a 15 percent stake in Aave for $385 million, The Block reported on June 26. Kulechov said on X that he would not sell Aave at a 70 percent discount. He did not rule out a sale of some AAVE tokens held by Aave Labs and said discussions had taken place with market participants about direct or indirect purchases and deeper long-term partnerships.