Cardano cryptocurrency owner loses $ 6 million due to a false transaction

An investor who has not used the Cardano wallet ADA $0.48 Cardano -1.12% Market capitalization $17.43 billion VOL. 24 hours $0.11 billion for more than five years lost almost $ 6.9 million due to a mistaken transaction. on November 16, he exchanged 14.4 million ADA tokens for only 847,695 USDA stablecoins, which have limited liquidity. Before the main transaction, the user made a test transfer of 4,437 ADA, and 33 seconds later, he made a full exchange. According to blockchain researcher ZachXBT, the wallet has not been active since September 2020.

Due to the low volume of the trading pool, the USDA exchange rate rose sharply to $ 1.26 and then returned to $ 1.04. Such volatility led to the fact that the exchange took place at a disadvantageous rate. Experts emphasize that large transactions in small pools can cause significant losses, especially when it comes to rare tokens or little-known stablecoins.

It is not yet known whether the user deliberately chose USDA, which has a capitalization of about $ 10.6 million, or whether it was a technical error. Experts note that the incident again raises the issue of user security in the DeFi environment and demonstrates the vulnerability of platforms to inattentive actions.

Analysts remind that this is not the first case of a technical error in 2025. In October, Paxos accidentally released 300 trillion PayPal USD (PYUSD) and then burned them 22 minutes later. Company representatives called the incident a technical failure that did not pose a threat to customers.

According to experts, such situations can undermine confidence in decentralized financial instruments. They urge users to carefully check the terms of exchange, especially when dealing with small pools and tokens with limited liquidity.