Aave founder Stani Kulechov on Thursday disputed the framing of a report that crypto exchange Kraken is in talks to take a stake in the largest decentralized lending protocol, saying the team would not sell its AAVE tokens cheaply.

The DeFi lender is rebuilding after the fallout from April's KelpDAO exploit sparked a multibillion-dollar exodus of deposits despite Aave itself not being hacked.

Aave founder Stani Kulechov on Thursday disputed the framing of a report that crypto exchange Kraken is in talks to take a stake in the largest decentralized lending protocol,…