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Author Topic: Mistake Costs User $1.1 Million in AAVE  (Read 234 times)
StephenJH
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October 22, 2020, 09:53:02 PM
 #21

It is sometimes called mistakes sometimes a big fat hand. I remember the day when the Japanese trader's cat has walked through the laptop of the trader and has presses a few buttons which accelerated the leveraged trade. These small steps have cost thousand million dollars for the fund manager and he was fired later. It happens sometimes.

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Golftech
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October 22, 2020, 10:06:12 PM
 #22

That's very huge amount of money just to be ruined with a single mistake, it's tough for the team behind helping this owner but it will reflect to the project if in case they'll be able to bring back those coins.
It's really annoying if you are in the foot of the person who loses that such huge amount of investment, your only hope now is the help coming from the team, and all those people who are involve to the process of bringing this asset back to the owners wallet.
Yaunfitda
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October 22, 2020, 10:14:52 PM
 #23

This keeps happening over and over again. A user of the decentralized finance platform AAVE mistakenly sent 28,050 AAVE tokens, worth approximately $1.1 million, to the token's contract address. There are now discussions about possibly restoring the user's funds.

https://decrypt.co/45537/user-loses-1-1-million-in-aave-due-to-mistake?amp=1
Yes, it was the user's fault in here, and we have been saying all along, we really need to be careful and have sharp mind when doing any transactions in crypto, in my experience, if I'm tired or something and I want to do some transaction, I will simply take a rest or sleep and do it the next day, I wouldn't take the resk. Second, if this keeps happening, and project restoring funds because it involves huge money, then how about those who have lost that little in the past and the projects answer is that they can't do anything about it? Isn't it fair?

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Valzador
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October 22, 2020, 10:23:38 PM
 #24

project restoring funds because it involves huge money, then how about those who have lost that little in the past and the projects answer is that they can't do anything about it? Isn't it fair?
It's not fair, but if the owner is willing to split some money for the development team, I think everything will be possible if there is money involved, principles will be eroded by money.
akirasendo17
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October 22, 2020, 10:36:20 PM
 #25

Before sending a small amount I always double-check where I am sending any kind of token or coin, honestly, there is something wrong with that kind of amount you should be very careful, these mistakes happen for users who don't know or just a newbie, but with this incident, I don't think he's new with the process.

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