This is absolutely INSANE !!!!
Someone just swapped $50,432,000 USDT for $36,200 $AAVE on Ethereum.
He just lost $50.3 MILLION in seconds.

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Last night, an incident dubbed "the most absurd fat finger in DeFi history" caused a stir in the crypto community.

The protagonist of the story was an anonymous "big spender." Through the Aave DeFi lending protocol's app interface, he initiated a seemingly simple transaction: exchanging a staggering $50.43 million worth of USDT stablecoins for AAVE tokens.

How large was this transaction? Large enough to instantly "dry up" the liquidity of many smaller cryptocurrencies. Because AAVE tokens have limited trading depth, such a massive buy order directly triggered catastrophic slippage. Simply put, slippage...

$50 million gone in a single "confirm"! The most expensive accidental loss in DeFi history is born.

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Source - https://etherscan.io/tx/0x9fa9feab3c1989a33424728c23e6de07a40a26a98ff7ff5139f3492ce430801f…