How a single crypto trader lost $50 million in a few seconds, in broad daylight

Image:ChatGPT) Crypto is often described as the Wild West. A largely lawless place when in masked men in bandanas and a pistol can rob you without much consequence. In decentralised finance, the money can disappear in full daylight without any actual crime having been committed at all. That is what appears to have happened on 12 March 2026, when a trader used a large and reputable Defi project called Aave to swap about $50.43M of dollar stablecoins (USDT) for Aave’s own internal token, call