🚨 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 this one related to the contract address, such as liquidity pools, honeypots, open source, contract ownership, and this one related to trading risks like taxes when goals are met or sell, and the probabilities of rug pull etc...
AAVE
98.64
+1.53%