A crypto trader lost 50M USD in a single Aave swap on March 12 after clearing a slippage warning on mobile. The 50.43M USD in Aave-wrapped USDT returned just 36,100 USD in AAVE tokens. Aave plans to return 600K USD in fees. The victim may be Garrett Jin, also known for a 200M USD profit on a Bitcoin short last year. https://cryptoslate.com/miss-this-warning-and-you-too-could-lose-99-9-in-one-swap-while-ethereum-bots-walk-away-with-the-rest/ #Blockchain #Crypto #DeFi #Aave
Miss this warning and you too could lose 99.9% in one swap while Ethereum bots walk away with the rest

Aave's $50 million loss highlights gaps in DeFi user safeguards, prompting scrutiny over confirmation processes and slippage warnings.

CryptoSlate