Bitcoin Forum

Other => Beginners & Help => Topic started by: tech30338 on March 12, 2023, 02:46:57 PM

Title: simple mistakes can cost you millions
Post by: tech30338 on March 12, 2023, 02:46:57 PM

Why you always need this first before making an action

Review/read several times
Take a deep breath
don't panic
Take your time

I hope the person who make this trade is alright, we don't know if he/she is a bit sleepy but that is a big mistake, or maybe not in the mood, hope newbies learn from this , dont just swap in a hurry, double check.
https://i.ibb.co/Px4yZ30/mistake.png (https://imgbb.com/)

Title: Re: simple mistakes can cost you millions
Post by: Xal0lex on March 12, 2023, 03:54:08 PM

It wasn't exactly a classic user error, because the user didn't know in advance which route his transaction would take. It was not a transaction from one user wallet to another. He wanted to exchange USDC for USDT using an aggregator. The aggregator routed the money to the Uniswap pool, which didn't have the right liquidity and that transaction turned out to be so clumsy. There's more of a trust error here than a transaction error, so don't trust aggregators too much.