A cryptocurrency trader exchanged $50 million worth of USDT for only 324 AAVE tokens through the Aave platform, resulting in a 99% price crash due to insufficient liquidity and a loss of nearly $50 million. Aave founder Stani Kulechov stated that the user manually confirmed this high-risk transaction, and the CoW Swap mechanism itself operated normally. The team will attempt to refund approximately $600,000 in fees and research stronger security measures to prevent such extreme errors from occurring in the future.

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