Poor fellow swapped $50m -> $35k on ETH mainnet
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âą 20 days ago, a fresh wallet received $50.4M USDT from Binance
âą A few hours ago, it swapped the entire amount for just 327 AAVE (~$36K) through CoW Protocol â Sushiswap.
âą Effective price paid: ~$154K per AAVE
Then the twist:
In the same block, an MEV bot flash-borrowed $29M WETH from Morpho, bought AAVE at fair value via Bancor, dumped it into the Sushiswap pool, repaid the loan⊠and walked away with ~$9.9M profit.
Classic reminder: liquidity + MEV bots move faster than humans.
#CreatorpadVN #AaveSwapIncident