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Open original source ↗Sad to see this. Liquidity is the best user protection.
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20 days ago a fresh wallet received $50.4M USDT from Binance. Just a bit ago, they swapped the entire amount for 327 AAVE worth ~$36K routed through CoW Protocol via Sushiswap. They paid $154K per AAVE. In the same block, an MEV bot immediately flash borrowed $29M WETH from Morpho, bought AAVE via Bancor @ fair value, and dumped the AAVE into the Sushiswap pool, repayed the flash loan, and pocketed $9.9M.
CryptoKaleo ↗