Update: User loses almost entire $50M USDT trying to buy AAVE via Aave after accepting an extreme slippage warning Stani says which was clearly flagged in the interface, prompting debate and a 600k fee refund pledge

A crypto trader attempting to buy Aave’s governance token suffered an almost total loss of a ~$50 million USDT position after overriding explicit slippage warnings in the Aave front-end, triggering severe price impact, MEV extraction and industry-wide debate on DeFi safety and UX. Aave founder Stani Kulechov has stated that the trade proceeded only after the user manually accepted an “extraordinary slippage” warning, and has pledged to refund around $600,000 in fees collected on the transaction.

✨ AI-generated background, compiled from web sources — not editorial content.

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