A trader appears to have turned $50M into about $36K after a disastrous Ethereum DeFi swap involving Aave and CoW Protocol.

A crypto user lost $50 million in a token swap on Aave after ignoring slippage warnings, while an MEV bot pocketed $10 million by attacking the transaction.

A DeFi trader lost nearly $50M on a single AAVE swap, receiving just 324 tokens. Here's how it happened and where the money went.

A user tried to swap $50 million USDT for AAVE on the Aave interface but ended up receiving only 324 AAVE tokens due to massive slippage.

Aave founder Stani Kulechov said the interface displayed multiple slippage warnings, which the user manually accepted on a mobile device.

A DeFi trader lost $50M on Aave after bypassing slippage warnings, receiving only $36K in return. An MEV bot also extracted $10M from the trade.

Aave founder said the platform "worked as intended" when a trader lost $50 million in a swap, claiming the trader ignored ...

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