DeFi trader turns $50M into $36K in seconds on AAVE

A crypto trader ignored all warnings and risks when they swapped $50 million in Tether for AAVE, only to end up with $36,000. In a post on X, Aave founder Stani Kulechov said the trader ignored all price-impact warnings and confirmed the transaction on a smartphone despite the risks. Decentralized platforms use liquidity pools of tokens, […]