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Dim777
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Whales Make Mistakes Too



A user attempted to purchase AAVE for 50 million USDT through the Aave interface but received only 324 AAVE.

Aave engineer Martin Grabina said the problem wasn't slippage, but rather that the user accepted a quote with approximately 99% price impact. The interface displayed an estimated rate of less than 140 AAVE per 50 million USDT and issued a price impact warning before the user confirmed the order. The trade was executed through CoW Swap and proceeded as intended.

Titan Builder received $34 million in ETH profit from this failure and immediately transferred all proceeds to Coinbase.

Aave founder Stanislav Kuleshov stated that the team will attempt to contact the user and return approximately $600 000 in fees, while also exploring the possibility of implementing additional security measures.
AAVE-2,33%
ETH-0,73%
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