๐ The owner of Cardano lost $6 million in 30 seconds
Five years of silence โ and one fatal mistake. A Cardano wallet, which had not been activated since September 2020, suddenly came to life and in a matter of seconds destroyed $6.05 million.
๐น Initially, the user made a test transfer 4437
$ADA .
๐น After 33 seconds โ the main exchange: 14.4 million ADA (~$6.9 million) for the stablecoin Anzens (USDA).
๐น But the USDA pool was nearly empty. Liquidity was so low that the token price jumped from $1.03 to $4.8.
๐ Result: instead of stability โ a disaster. The owner received only ~$0.85 million in USDA, losing over $6 million.
๐ต๏ธโโ๏ธ On-chain detective ZachXBT immediately took notice of the incident and called the user the โon-chain clown of the month.โ
โ ๏ธ Conclusions for traders
- Check pool liquidity before large trades.
- Test transactions do not guarantee safety.
- โSleepingโ wallets may awaken only to burn.
#Cardano #ADA #USDA #Anzens #CryptoNews #ZachXBT
#OnChain #DeFi #Blockchain #CryptoFails #TradingPsychology #CryptoSafety