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A trader lost 50M USD in USDT when swapping for AAVE tokens due to legacy code failures and solver issues on CoW Swap - the worst execution loss in DeFi history. CoW Swap attributes it to stale gas ceiling and solver failures, while Aave blames an illiquid market. https://thedefiant.io/news/defi/cow-swap-points-to-legacy-code-and-solver-failures-in-usd50m-loss #Blockchain #Crypto #DeFi #CoWSwap
CoW Swap Points to Legacy Code and Solver Failures in $50M Loss That Aave Attributes to Illiquid Market

While Aave blamed an illiquid market, CoW Swap identified a stale gas ceiling, silent solver failures, and a possible mempool leak that turned a bad trade into the worst execution loss in DeFi history.

The Defiant
Mar 17 at 5:47amWeb
Show threadFreeBlock.DevMar 18
@crypto The root issue is that solver-based routing offloads execution quality to off-chain actors — without slippage circuit breakers enforced at the contract level, a stale gas ceiling becomes a catastrophic edge case.