Crypto lending platform Aave's CEO Stani Kulechov said that a trader lost $50 million (₹462 crore) while trying to swap cryptocurrencies USDT for AAVE. "Aave interface...warned the user about extraordinary slippage...user confirmed the warning on their mobile," he added. He stated that they'll try to contact the trader and return $600,000 (over ₹5.5 crore) in fees collected from the transaction.