#AAVE换币风波 – The $50M Swap That Exposed DeFi’s Darkest Flaws
Hook:
One transaction. $50.4 million USDT. Just 327 AAVE received.
Welcome to the 2026 AAVE swap crisis—where “working as designed” wasn’t enough to save a user from a $49.9 million loss.
The Incident – System or User Fault?
In March 2026, a user swapped 50.4M USDT for AAVE via Aave’s interface (using CoW Protocol + DEXs).
The result?
· Received ~327 AAVE (~$36K)
· Loss: ~$49.9M
· No hack. No exploit.
Why?
The order routed into a tiny $73K liquidity pool. Price impact: ~99%. MEV bots extracted everything.
Critical detail: The system w