Aave and CoW Release Contrasting Analysis Reports on the $50 Million Slippage Event

BlockBeats News, March 16th, Aave and CoW Swap released contrasting incident analysis reports on the "50 Million Dollar Slippage Loss" incident. Aave's key statement is that the incident was caused by insufficient market liquidity, not slippage. User orders far exceeded the available market liquidity, CoW Swap's quote was 99.9% lower than the expected market clearing price, and users confirmed acceptance of that quote.

CoW Swap, on the other hand, points out that our gas limit was actually outdated, the optimal solver won two auctions but never submitted any transaction to the chain, and transactions may have leaked from a private mempool. Checkboxes should not be the only security measure.

It is worth noting that neither report mentioned the MEV bot that extracted around 44 million dollars from this transaction.