Trader mistakenly swaps $50M USDT for $36K in AAVE

An anonymous trader mistakenly swapped 50 million USDT for approximately 325 AAVE, worth only $36,000, on the Aave lending protocol using Cow Swap, according to DeFiLlama founder 0xngmi. In a post on X, 0xngmi noted that other protocols typically block such abnormal transactions at the interface level to prevent user error. Aave founder Stani Kulechov responded, stating that the order size was unusually large and that the protocol had warned the trader about the potential for extreme slippage, requiring an additional confirmation to proceed. Kulechov suggested the trader must have accepted the high slippage risk but expressed regret over the incident. He added that Aave would attempt to contact the trader and refund the $600,000 in fees generated by the transaction.