A whale lost nearly $50 million when exchanging USDT for AAVE because it ignored slippage warnings.

CoinFeed reported on March 13th that, according to The Block, a whale attempted to exchange $50 million worth of USDT for AAVE through the Aave interface but failed to notice a slippage warning, ultimately receiving only about $36,000 worth of AAVE, resulting in a loss of nearly $50 million. The founder of Aave Labs stated that the user attempted to buy AAVE with $50 million worth of USDT through the Aave interface, but due to the unusually large order size, the trading interface issued an abnormal slippage warning and required the user to confirm via a checkbox. The user confirmed the warning on their mobile device and continued the transaction, accepting the high slippage and ultimately receiving only 324 AAVE. CoW Swap stated that the transaction was executed according to the parameters of the signed order, and the interface displayed clear price impact warnings; there was no indication of a protocol vulnerability or malicious behavior.