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Lookonchain
Lookonchain|Jun 17, 2025 09:55
Trader 0x7ef29 just sold 1 SPK for 19,687 USDT! How did that happen? Before SPK trading went live, teochew.eth created a SPK/USDT liquidity pool and added 19,998 USDT as single-sided liquidity. He intended to set the rate at 1 USDT = 19.931<>996210 SPK, but mistakenly set it as 1 SPK = 19.931<>996210 USDT. As a result, the moment trading opened, trader 0x7ef29 swapped just 1 SPK for almost all of the pool’s USDT — walking away with 19,687 USDT. By the time teochew.eth noticed the mistake, most of the liquidity was gone. He withdrew what was left: 32.92 USDT and 4.69 SPK (0.31) — a loss of 19,965. Always double-check your price range settings when adding liquidity — one reversed pair can cost you everything. https://etherscan.io/tx/0xba0c406fd9d52632d3baebe13bfd53b3eea4aba72d875ff2d1ba62cc8a8b3df3 https://etherscan.io/address/0xdde3e2024e270d6022d1bb4e8745e9dc6d82e0bc#tokentxns
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Jul 17, 09:15【GMX_IO was utilized, resulting in a loss of approximately 42 million】
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Jul 16, 16:24【Illegal funds are transferred through decentralized exchanges】

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