https://x.com/WatcherGuru/status/2032204615140221318
>>61976216rip
>>61976216Does little bro not know how slippage works? Especially on low liquidity dexes/coins...?
>>61976216future of finance
>>61976216Jesus... What will happen now?
>>61976216I just cannot fathom having 50 million dollars and putting it through something called fucking Cow Protocol
>>61976216how do i achieve the other side of this trade and get a retard to give me a couple million for a couple thousand dollars of shitcoin? are people staking this shit or running bots or something i dont understand what happened but i want to profit from it
>>61976250rope, most likely
>>61976251to make it even funnier, it was a cell phone
LMAOOOOOOOOOO I'd rope
>>61976255it would have gone to the liquidity providers and any arb bots watching that particular pair
How do people this retarded have $50 mil to begin with
>>61976236The libertarian dream of being your own bank was nothing but a facade. Imagine being a medieval peasant accepting gold coins as payment but in reality you're getting gold plated turds that have the exact same weight and density as real gold coins. This is all because you didn't have a weight scale or drill into each coin to verify if it's actually gold. Unfortunately currencies do have to rely on a centralized verifiable source at some point. That's how I view sandwich attacks even though the comparison might not make sense.
>>61976273How do you know the arb bots and LP providers aren't his? This is a popular way to launder coins.This was more than likely intentional.
>>61976262I would laugh so hard if it was literally a little kid playing around on dad's phone
>>61976303it's not impossible, although rather convoluted in this day and age. more likely someone did attempt to buy 50 million worth of aave, thought the UI was bugged, and instead of verifying, just forced the transaction
>>61976285It doesn't even have to be a sandwich attack. It's just what happens if you market buy with an absolutely massive order and no slippage to prevent your own pump from skyrocketing the price.He didn't even get scammed, he said "buying all AAVE for any price!" and filled every single sell order in the book to get his buy.
>>61976324> more likely someone did attempt to buy 50 million worth of aaveWhen did someone ever buy 50M worth of a rank 50 shitcoin with a market order on an aggregator that hides transactions from other bots?CoW isn't being used by retards who don't know what they are doing.
>>61976273so you have to be a liqiudity provider? and on the system you can set some sort of ratio or limit so you only swap or provide the liquidity if its like 1,000 to 1 in your favor over moarket price? i know this isnt the first case usually this happens much les dramatically someone just gets raped by a 25% spread but still tht shit adds up over time. i have a feeling some smart chinks are getting very rich playing this game
>>61976216the future of finance they said
>>61976262someone take Barron's ipad away
>>61976285>Hurf durf aghhh im fuckinf retarded it's the money's fault
>>61976216Ethereum is such a fucking joke wow . Blackrock employees should be executed for pushing this “technology” on human finance markets
>>61976356>CoW isn't being used by retards who don't know what they are doingIt could be, Aave's frontend features a swap that it uses CoWSwap on the backend.But this is all quite interesting. Here is the transaction in question:https://etherscan.io/tx/0x9fa9feab3c1989a33424728c23e6de07a40a26a98ff7ff5139f3492ce430801fYou'll see that CoW routed the request into the sushiswap pool. I find this rather mysterious given that the uniswap pool has millions of dollars in it, compared to sushiswap that only contains tens of thousands of dollars.Moreover, here is the MEV rape transaction:https://etherscan.io/tx/0x45388b0f9ff46ffe98a3124c22ab1db2b1764ecb3b61234e29e5c9732b7fd4abIt extracted all of the profit from the pool instantly, within the same block. So, why did CoW select Sushiswap for the trade when Uniswap had much deeper liquidity? And when stani says that this swap occurred following standard practices and that CoW functioned normally, how is it that the swap not only was routed into a low liquidity pool, but a MEV bot picked up the arb in the same block? Things CoW swap explicitly is not supposed to do? This story is not adding up and I think stani is wrong to dismiss this as a simple UI/UX error.
>>61976216this is jsut a way for miners/LPs to obscure transactions
>>61976303>thisbeen occuring for some time now. like since institutions moved into the space in 2025.
>>61976521You'll also see that much of the money went to "Titan Builder", which is a publicly known block builder, so it's not like the money just disappeared into a void... will they say anything?
>>61976216Sure hope this massive retard at least took some profits before flushing it all down the toilet. $50 million is an incredible amount to just piss away.
https://x.com/StaniKulechov/status/2032193345414664659statement by the ceo>sorry you lost 50m here's 600k tho:)
Bro I would actually kill myself
>>61976606Surely Titan Builder had nothing to do with that and wasn't associated with the "victim".Just trust them bro.
>>61976739600k is life changing money...
>>61976739>sorry you're fucking retarded here's a 600k bailout for no reason
>>61976216>wanna set 99.9% slippage?Yes
>>61976238Just go into a branch and speak to the manager
>>61976216>THE FUTURE OF FINANCE
There's more than $50MM market cap of tether?
But where did the money go?
>>61976216User error. But I have no idea how someone with $50 M is sub 80 IQ. Probably some brown retard, the son of a Saudi prince of something
>>61977610>You are about to do something potentially harmful.Yes, do as I say!:o
>>61976521>From Aave: Ethereum USDT To 0x699C5BD4...14e4D35c8 For 50,432,688.41618 ($50,432,688.42) Tether USD (USDT) >From Uniswap V3: USDT To SushiSwap: AAVE For 17,957.810805702142342238 ($38,049,312.65) Wrapped Ethe... (WETH)>From 0x699C5BD4...14e4D35c8 To Uniswap V3: USDT For 50,432,688.41618 ($50,432,688.42) Tether USD (USDT)>From SushiSwap: AAVE To 0x699C5BD4...14e4D35c8 For 331.305315608938235428 ($38,322.09) Aave Token (AAVE)>From 0x699C5BD4...14e4D35c8 To Aave: Ethereum AAVE V3 For 331.305315608938235428 ($38,322.09) Aave Token (AAVE)....>Transfer 17.719999999999988 ETH $37,545.44 From Wrapped Ether To MEV Bot: 0x06cf...5ef>Transfer 17.719999999999988 ETH $37,545.44 From MEV Bot: 0x06cf...5ef To Bancor: Bancor Network V3>Transfer 17.719999999999988 ETH $37,545.44 From Bancor: Bancor Network V3 To Bancor: Master Vault V3>Transfer 17,912.050158685932669052 ETH $37,952,354.22 From Wrapped Ether To MEV Bot: 0x06cf...5ef>Transfer 13,087.732595504669669052 ETH $27,730,508.73 From MEV Bot: 0x06cf...5ef To Titan Builder>Transfer 4,824.317563181263 ETH $10,221,845.48 From MEV Bot: 0x06cf...5ef To 0x5884B2fa...af17A7D47You're right, it routed the transaction to SushiSwap which the MEVbot then drained. It's completely incorrect to frame this as some kind of user error. The whale got robbed. I'll never understand how they can casually throw around 9 figs on DeFi; eventually, someone will figure out how to take it from them.
>>61976285>verify if it's actually goldThey could verify gold and silver with a density test using water in the medieval eraYou're a jew
>>61976216>50m>still "trading" like a manchild
>>61976432obsessed kek
>Launder money>Stani even refunds your fees
Wait, if this guy lost 50 millions, does it mean someone else made 50 millions on this transaction?
>>61976216>future of finance
>slippageIs this like anal leakage? I don't know LGBT terms.
>>6197628395% sure this is one of the orange miggers kids
>want to buy a currency>money stolenWhat the fuck is crypto good for?
>>61976216So uh can't they like just reverse the transaction or rollback the block chain or something?
>>61982020
>>61979154This. The fact that so many posters believed this is sad.
Money laundering is the only real world use for crypto
>>61976285>The libertarian dream of being your own bank was nothing but a facade. Imagine being a medieval peasant accepting gold coins as payment but in reality you're getting gold plated turds that have the exact same weight and density as real gold coins. This is all because you didn't have a weight scale or drill into each coin to verify if it's actually gold. Unfortunately currencies do have to rely on a centralized verifiable source at some point. That's how I view sandwich attacks even though the comparison might not make sense.the central authority is fucking math you retarded nigger
>>61976262What is so funny about a cell phone
This is why crypto was a meme all alongThe only thing you hear about crypto for the past 5 years is scams, people losing everything, rug pullingWhen people hear "crypto" they immediately tense up and put up mental guards expecting a scam, all they think is "illegal" "money laundering", "poor Indian accent" and "dirty jeet" when they hear about crypto. bitshit is going to zero dollars. This was the biggest, and longest ponzi scheme in history.Should of just invested and gambled on the stock market like normal people.
>>61982020Money laundering
>>61976216>JUST
>>61976216So, how did this happen, turning 50mil into 36k?
>>61983561Imagine running a 500 person company. The entire company treasury and cash assets rest in a single bank account you control on a cell phone. You now decide to do meme coin farming, how would your employees feel about this?
>>61976216What if it was intentional? Like... a way to transfer that amount exactly to a new owner and make it look like an accident?
Crypto is regarded not the human, it should simply be impossible to do something that stupid. That is the fault of the programmers.
>>61983572This is a good point, they will do a huge marketing campaign to rename "crypto" because it has become a placeholder for gullible people that lost all their money gambling. Soon you'll see shills pushing alternate nomenclature and "correct" people when they say crypto. You will see language like "Well technically it's not called crypto..." and "It's not really accurate to say crypto, what you mean to say is..."
>>61989665you can say retarded here, you dumbass new faggot reddit nigger
>>61983704which is funny, because this would be a good crypto money laundering scheme
>>61976965Kek
>>61976216This was intentional money laundering. Fucken retards here I swear.
>>61976739they can easily rebuild 50m from 636k, assuming trading is how they got 50m in the first place
>>61976216>accidentallyWhat does he know?I'm thinkin bullish for AAVE.
>>61976216it wasn't an accident.also, wtf is biz so late, this story is over a week old on twitter...
>>61976236it wasn't slippage, it was an illiquid market, the user was shown a screen showing them they were going to loose 99% of there value and they agreed anyways.it is likely that someone that understood how cow swap auctions and there liquidity worked did this on purpose to collect/launder the 50 million in fees.
>>61976262on there phone through a brand new virgin wallet.do the math, do we really believe this was an "accident"really, 50 million dollars...
>>61976521The auction timeline:- Three solvers quoted. Two found routes returning ~52K AAVE (~$5.7M). One returned ~330 AAVE (~$36K). The two good quotes were rejected by a hardcoded 12M gas limit in the verification system - legacy code nobody updated. The worst quote set the limit price.- A solver later found the good route again and won two consecutive auctions. Then never submitted the transaction. No revert. No error. Just didn't execute. Then stopped bidding. CoW says this is "under investigation."- The last solver standing had the worst route. Won the third auction with no competition. That's what executed.Mempool leak:- The solver submitted via private RPC. Etherscan tagged it as seen in the public mempool. If confirmed, the transaction leaked - enabling ~$34M in backrun extraction. Also "under investigation."Aave's side:- UI showed 99.9% price impact. Checkbox: "I confirm the swap with a potential 100% value loss." User confirmed on mobile.- Initially announced a $600K fee refund. Post mortem now says $110K. That's not a rounding error.- Shipping "Aave Shield" - blocks swaps over 25% price impact by default. A threshold check. After $50M- The user still hasn't contacted them.What neither report addresses:- Why CoW is hardcoded as the only swap provider with no price comparison.- The SolverParticipationGuard deleted six weeks earlier instead of fixing it- The 12M gas ceiling that rejected 160x better quotes was legacy code. CoW says it's "already fixed." It took a $50M loss to update a hardcoded number.- CoW confirms even the best quotes reflected ~90% value loss. The liquidity wasn't there on any single chain. This isn't a routing problem - it's a liquidity fragmentation problem.- Solver E found a 160x better route, won two consecutive auctions - and never submitted the transaction. Didn't even try. Then stopped bidding. The worst solver won the third auction by default. CoW's explanation: "ongoing investigation."
>>61981558>You're right, it routed the transaction to SushiSwap which the MEVbot then drained. It's completely incorrect to frame this as some kind of user error. The whale got robbed. I'll never understand how they can casually throw around 9 figs on DeFi; eventually, someone will figure out how to take it from them.yes.
>>61976216The future of finance. kek
>>61976216are they gonna rollback the blockchain?
>>61976262You don't have to specify it being a "cell phone", there are no other type of phone anymore.
>>61981933you want to buy 500,000 X at $100 but lots of users only have small amounts all pooled together on an exchange. Some selling for 90 some for 110 and more at 85. So you let the price "slip" so you the transaction can be fulfilled. This is why any real nigga with a legit 50M would personally call a large CEX and set up a private transaction because the big CEX would be able to get all of your 50,000 X at 100$ with a nominal fee ofc :^)
