CoW DAO will refund the transaction fees to users who lost while exchanging aEthAAVE

CoW DAO responded to the incident where "a certain whale lost approximately 50.39 million dollars due to excessive slippage when exchanging aEthAAVE," stating that "no DEX, DEX aggregator, public liquidity pool, or private liquidity pool (or their combination) can execute this transaction at a price close to a reasonable level. However, preventing users from trading would deprive them of their choices and could lead to extremely poor outcomes in certain situations (such as market crashes).

Such transactions indicate that the DeFi user experience has not yet reached the level necessary to protect all users. The team is currently exploring how to balance strong security measures with maintaining user autonomy. We will also refund any fees paid to CoW DAO due to this transaction."

According to previous news from ChainCatcher, a user lost approximately 50 million dollars in a single transaction due to slippage, and the founder of Aave stated that the interface had issued multiple warnings.