The post A $50M AAVE Swap Goes Wrong as Trader Receives Only 324 Token appeared on BitcoinEthereumNews.com.

A trader attempted to swap $50.4 million USDT into AAVE but received only 324 tokens worth about $36,000. The trade executed with about 99% price impact, implying an effective purchase price near $154,000 per AAVE. A MEV bot detected the transaction, executed a sandwich attack using a $29 million ETH flash loan. A crypto trader lost almost the full value of a $50 million transaction after executing a large token swap through the Aave interface. The trade produced extreme price impact and drew attention to the risks of placing very large orders directly on decentralized exchanges. Blockchain data shows a wallet that recently withdrew funds from Binance attempted to swap about $50.4 million in USDT into the Aave governance token, AAVE. The order was routed through the Aave interface, which uses the CoW Swap aggregator and liquidity from decentralized exchanges such as SushiSwap. However, the wallet received only 324 AAVE tokens worth about $36,000 at the time of execution. After today’s unfavourable $50M swap on our interface, there’s a lot of confusion around slippage I’d like to clarify: Slippage is the tolerance buffer on a market order: how much the final fill price can deviate from the quoted price due to market movement between signing and… https://t.co/qsk9VTaZjv — martin (@mgrabina) March 12, 2026 Massive Price Impact on a Single Order The trader attempted to convert roughly $50 million USDT into AAVE in a single transaction. Available liquidity for the pair was far too small to absorb an order of that size. The final execution implied an effective purchase price near $154,000 per AAVE while the market price traded near $111 to $114. In total, the trader lost about $49.96 million relative to the original order value. Internal trade data showed the quoted rate before execution already implied extreme price impact.…

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Filed under: News - @ March 13, 2026 5:25 pm