Crypto
Ethereum swap mishap wipes out most of $50 million trade
A crypto investor lost most of an attempted $50.43 million token swap after more than 99 percent slippage reduced the trade to about $36,000, leaving around 327 aEthAAVE tokens in the wallet. The swap involved tokens used in Aave’s DeFi lending protocol and was executed via CoW Protocol, according to CoinDesk. Aave founder Stani Kulechov said an abnormal slippage warning appeared and Aave plans to return about $600,000 in fees.
