Someone tried to swap around 2.03 million 3CRV tokens (priced at around $1.97 million) for stablecoins using the KyberSwap decentralized exchange protocol. However, due to an apparent flaw in which the protocol routed the trade through a project with very little liquidity. The trade suffered from massive slippage, and was frontrun by an MEV bot. The MEV bot made off with a nice $34,400, and the trader wound up with only five cents in the Tether stablecoin.Kyber seemed to acknowledge that the issue was on their end, tweeting that “We have been in touch with him and are investigating the issue. We will provide an update soon.”

Total loss estimated at $1,970,000.