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A Costly Mistake: User Sells Curve LP Token for $2 Million but only Receives 0.05 USDT.

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A Costly Mistake: User Sells Curve LP Token for $2 Million but only Receives 0.05 USDT.

On March 13, a user mistakenly sold the Curve LP token 3CRV with a value of more than US $2 million and only got 0.05 USDT. DEX aggregator KyberSwap published the investigation results of this event. KyberSwap said that when the user sold, only the route of 0x was successful, so KyberSwap chose the transaction path provided by 0x, which pointed to a pool with almost no liquidity, but the user did not seem to notice the reminder of the actual value of tokens obtained through the transaction and continued to trade, resulting in losses.

KyberSwap: has contacted Coinbase and others to try to recover the funds lost by the previous mis-selling of 3CRV users

Analysis based on this information:


The world of decentralized finance (DeFi) presents a paradigm shift in the way financial transactions take place. While DeFi offers many opportunities for individuals to earn passive income and increase their profits, it also opens the door to increased risks as users navigate the complex world of trading. An event that occurred on March 13 demonstrates how easily an innocent mistake can turn into a multi-million dollar loss.

A user mistakenly sold their Curve LP token 3CRV, with a value of over $2 million, on DEX aggregator KyberSwap, and received only 0.05 USDT. KyberSwap subsequently published the investigation results of the event. According to KyberSwap, when the user sold their token, only the 0x route was successful, and KyberSwap chose this transaction path, which led to a pool with almost no liquidity. The user did not seem to notice the reminder of the actual value of tokens obtained through the transaction and continued with the trade, incurring significant losses.

The lack of liquidity in the pool led to the user being unable to sell their tokens at the expected value, resulting in an enormous loss. The incident highlights the importance of understanding the risks associated with DeFi trading, especially as the market rapidly evolves. It also exemplifies the importance of adequate research and caution when engaging in any form of cryptocurrency and DeFi trading.

While DeFi offers many benefits such as transparency, security, accessibility, and autonomy, it also exposes users to potential risks such as market volatility, technical errors, and scams. This cautionary tale presents an opportunity for individuals to take stock of their cryptocurrency trading habits and the measures they take to mitigate such risks.

In conclusion, the DeFi market offers many benefits for those looking to expand their wealth and become part of a community that seeks to disrupt traditional finance. However, the story of the user who lost over $2 million due to a single error in trading stresses the importance of maintaining caution and researching before executing any financial transactions in the DeFi market.

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