teochew.eth accidentally exchanged 1 SPK for 19687 USDT

2025-06-17 10:01:13

Gate News bot reports that, according to Lookonchain monitoring, trader 0x7ef29 sold 1 SPK at a high price of 19,687 USDT.

Before the SPK trading launch, teochew.eth created an SPK/USDT liquidity pool and added 19,998 USDT as unilateral liquidity.

He intended to set the exchange rate to 1 USDT = 19.931<996210 SPK, but mistakenly set it to 1 SPK = 19.931<996210 USDT.

As a result, trader 0x7ef29 exchanged almost all the USDT in the mining pool with just 1 SPK after the transaction opened, cashing out 19,687 USDT.

By the time teochew.eth discovered this error, most of the liquidity had already vanished.

He withdrew the remaining 32.92 USDT and 4.69 SPK (0.31 USD), losing 19,965 USD.

ETH1.29%

SPK5.94%

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