Shocking $10M MEV Bot Profit from $50M Aave Swap Disaster
On Thursday, March 12, 2026, a single cryptocurrency transaction on the Ethereum blockchain resulted in catastrophic losses exceeding $50 million, while a predatory trading algorithm extracted nearly $10 million in profit. The incident, centered on the decentralized finance protocol Aave, involved a user attempting to swap $50.4 million in Tether (USDT) for AAVE tokens via […]
