Crypto Whale Beached, Loses Nearly $50 Million Swapping USDT For AAVE

Crypto Whale Beached, Loses Nearly $50 Million Swapping USDT For AAVE Authored by RT Watson via The Block, Quick Take Aave Labs founder and CEO Stani Kulechov said a crypto user “attempted to buy AAVE using $50 million in USDT through the Aave interface” but only received about $36,000 worth of the token in return. CoW Swap said the “transaction executed according to the parameters of the signed order” and that “clear price impact warnings” were given. When someone in crypto ...

By Tyler Durden