BlockBeats reported that CZ called the more than $50 million AAVE slippage loss regrettable and said liquidity is the best user protection in large crypto trades.
BlockBeats reported on March 13 that Binance founder CZ commented on the previously reported AAVE purchase that led to a loss of more than $50 million due to slippage, calling the outcome regrettable. CZ said liquidity is the best protection for users, adding an exchange-industry perspective to the incident. The update follows on-chain analyst Ember’s report that the whale or institution tied to the trade still holds 302 million USDC in another wallet despite the loss.