Crypto whale loses nearly $50 million swapping USDT for AAVE
From theblock.co
When someone in crypto loses millions of dollars in an instant, it's usually due to a hack or an exploit. But, on Thursday, one crypto whale appears to have lost nearly $50 million simply trying to swap USDT for AAVE. "Earlier today, a user attempted to buy AAVE using $50 million USDT through the Aave interface. Given the unusually large size of the single order, the Aave interface, like most trading interfaces, warned the user about extraordinary slippage and required confirmation via a checkbox," Aave Labs founder and CEO Stani Kulechov said in a post to X. Thursday's mishap could be the largest of its kind in ...
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