# Aave Founder Says Bitcoin Is More Important Amid Paraguay Bank Crisis

By Sonny Jang

Canonical URL: https://www.tokenpost.com/news/people/52062
Published: 2026-11-09T04:14:32.000Z
Updated: 2026-11-09T04:14:32.000Z
Section: People

> Stani Kulechov pointed to the takeover of digital bank Ueno, where depositors struggled to access funds and protests demanded faster compensation.

Aave founder Stani Kulechov said Bitcoin (BTC) is more important than ever, pointing to Paraguay’s banking turmoil as depositors struggled to access funds after the central bank took over Ueno.

Many depositors were unable to withdraw their deposits after the takeover. Protests called for funds to be returned, compensation to be accelerated and accountability. Retirees who received pension payments through Ueno were among those affected.

The crisis also had political fallout: [Paraguay’s Senate removed President Santiago Peña after the Ueno crisis](<https://www.tokenpost.com/news/regulation/50589>).



## Links in this article

- [Paraguay’s Senate removed President Santiago Peña after the Ueno crisis](https://www.tokenpost.com/news/regulation/50589)
