🚨 He exchanges 50 million dollars… and receives barely $36,000....
Someone tried to exchange 50 million USDT for $AAVE via the Aave interface, but despite an extremely high slippage warning, he confirmed the transaction....
Result: only 324 $AAVE received, which is about $36,100.
The founder of Aave, Stani Kulechov, announced that the protocol would reimburse about 600,000 $ in fees.
Note: Before confirming a smart contract, always take the time to understand all the parameters, especially those related to the contract address, such as liquidity pools, honeypots, open source, contract ownership, and those related to trading risks like taxes when buying or selling, and the probabilities of rug pulls, etc...
Someone tried to exchange 50 million USDT for $AAVE via the Aave interface, but despite an extremely high slippage warning, he confirmed the transaction....
Result: only 324 $AAVE received, which is about $36,100.
The founder of Aave, Stani Kulechov, announced that the protocol would reimburse about 600,000 $ in fees.
Note: Before confirming a smart contract, always take the time to understand all the parameters, especially those related to the contract address, such as liquidity pools, honeypots, open source, contract ownership, and those related to trading risks like taxes when buying or selling, and the probabilities of rug pulls, etc...