LOW RISK
Trader Loses Almost $50 Million In Aave Swap Gone Wrong
A trader using the Aave interface attempted to swap $50 million USDT for AAVE. However, due to the enormous size of the order, the purchase had dramatic impact on the aave price. The Aave interface wa
Our Analysis
A trader using the Aave interface attempted to swap $50 million USDT for AAVE. However, due to the enormous size of the order, the purchase had dramatic impact on the aave price.
The Aave interface warned the customer about the price impact, and the trader clicked a checkbox to accept the order terms. Ultimately, they received only 324 AAVE (~$37,600) in return for their $50 million, losing 99.9% of their assets in the process.The Aave founder offered to refund the user the $600,000 in fees collected from the transaction, and acknowledged "there are additional guardrails the industry can build to better protect users".
Tweet by Stani Kulechov
Tweet by Martin Grabina
Web3 Is Going Great • March 13, 2026
Rug Pull Score
0.8/10
Based on our analysis
🚩 Red Flags Identified
- User lost ~$49.7M due to extreme price impact on a single swap
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.
