Aave and CoW Release Contrasting Analysis Reports on the $50 Million Slippage Event
BlockBeats News, March 16th, Aave and CoW Swap released contrasting incident analysis reports on the "50 Million Dollar Slippage Loss" incident. Aave's key statement is that the incident was caused by insufficient market liquidity, not slippage. User orders far exceeded the available market liquidity, CoW Swap's quote was 99.9% lower than the expected market clearing price, and users confirmed acceptance of that quote.
CoW Swap, on the other hand, points out that our gas limit was actually outdated, the optimal solver won two auctions but never submitted any transaction to the chain, and transactions may have leaked from a private mempool. Checkboxes should not be the only security measure.
It is worth noting that neither report mentioned the MEV bot that extracted around 44 million dollars from this transaction.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Stock Market Movement | Popular Chinese Stocks Mostly Declined, VNET.US Dropped Nearly 3%
According to Zhitong Finance APP, on Thursday, the Nasdaq Golden Dragon China Index fell by 1.15%, with most popular Chinese concept stocks declining. VNET dropped by 2.78%, Li Auto fell by 1.81%, Bilibili decreased by 1.73%, and Alibaba slipped by 1.15%. All three major U.S. stock indexes also declined during the session. As of press time, the Dow Jones Index was down 0.37%, the Nasdaq was down 0.66%, and the S&P 500 was down 0.39%.
Crypto prices
More
