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Davide
@0xdavide
💲On June 17th during the $SPK listing, a user managed to sell 1 SPK (0.05$) for 19,6k USDT! How did this happen? ▫️Before SPK trading started, a user called teochew.eth created a SPK/USDT liquidity pool by adding 19,9k USDT as one-sided liquidity (USDT only). ▫️He wanted to set an exchange rate of 1 USDT = 19 SPK (that is, approximately 0.05 USDT per 1 SPK). ▫️But he made a mistake by adding 1 SPK and 19,9k USDT. ▫️As a result, a user (0x7ef29) quickly took advantage of the situation and sold 1 SPK for almost $20k, completely emptying the pool.
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