AAVE Crypto Swap Costs Nearly $50M Lost: ETH MEV Pocketed $9.9M

When a trader wipes out $50M in seconds, the industry usually assumes a bridge hack or a sophisticated exploit. Late on Thursday (March 12), however, a crypto whale incinerated nearly their entire balance with a single click of AAVE crypto swap.The user attempted to swap $50M worth of USDT for AAVE in a single on-chain transaction. Due to a complete lack of liquidity for an order of that magnitude, the trade suffered…