Aave released a recap of the Swap incident: users exchanged $50.43 million worth of aEthUSDT for approximately $36,000 worth of AAVE, due to a liquidity shortage that caused an extreme price shock.

CoinFeed reported on March 15th that Aave released a recap of the March 12th Swap incident, stating that a user attempted to exchange approximately 50.43 million aEthUSDT (worth about $50.43 million) for aEthAAVE via the integrated CoW Swap route on its front-end interface. However, due to the transaction size far exceeding market liquidity, the user ultimately only received about 327 aEthAAVE, worth approximately $36,000. Aave stated that the transaction occurred on the third-party CoW Swap protocol and did not affect the security of Aave's core lending protocol. The transaction quote showed a 99.9% impact on the price, and the interface explicitly warned of a "potential 100% value loss," requiring users to confirm before continuing the transaction.