Zenoo Compliance Brief
Aave loses $290m in major DeFi hack, exposing insurance gaps
Plus, FinCEN and SEC fine Canaccord Genuity $80m for AML programme..., State Street hit with $7.5m penalty for Russia sanctions breaches, OFAC designates Nicaragua gold sector figures linked to....
16 April 2026 · 4 min read
The Aave protocol got hit hard on April 18 with a $290 million theft that's forced the DeFi sector to reckon with its insurance problem. Separately, enforcement actions landed on some familiar names this week: Canaccord Genuity copped an $80 million fine from FinCEN and the SEC for AML failures, State Street took a $7.5 million OFAC hit for Russia sanctions lapses, and Nicaragua's gold sector just got hammered with new designations. We've got the details on what went wrong and what it means for your compliance picture.
In this edition
- Aave's auditors signed off on code that hadn't been audited, and $290 million walked out the door.
- Canaccord knew the rules, ignored them, and just paid $80m to prove it.
- State Street manages $46 trillion in assets and still couldn't keep Russian entities off its books.
- Washington just classified Nicaragua's gold trade as regime financing, and the 50 percent rule is doing the heavy lifting.
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