LOST 2 MILLION DOLLARS FROM JUST ONE WRONG SWAP ORDER


A painful lesson just happened in the DeFi world: Someone swapped over 2.1 million dollars worth of ETH but only received a mere 14 thousand dollars worth of LIT. That means they lost 2 million dollars in the blink of an eye.
The reason is that this person mistakenly chose a liquidity pool that was too small, resulting in extremely severe slippage.
For those new to trading on DEXs, you must pay close attention to slippage and liquidity before clicking the button. The nature of DEXs is decentralized—once an order is executed on the blockchain and fails like this, there is absolutely no chance to recover the funds!
ETH-0.56%
LIT6.64%
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