Lookonchain: The wallet that previously lost approximately $50 million due to ignoring slippage warnings is associated with Garrett Jin.

Techub News reports, according to Lookonchain analysis, the user who previously ignored the slippage warning and exchanged 50.43 million aEthUSDT for only 327 aEthAAVE (worth $36,000) might be Garrett Jin. Lookonchain stated that through on-chain tracking, it found 13 wallets that likely belong to him. These wallets all received USDC or USDT from Binance on February 16 and February 20, and became active again today, transferring funds to two new wallets. One of the new wallets used the same Binance deposit address as Garrett Jin. Garrett Jin sold 261,024 Ethereum (worth $543 million) and 11,318 Bitcoin (worth $761 million) on February 15 and February 20 respectively, which closely aligns with the dates these wallets withdrew stablecoins from Binance.

Previously, X user @kingfxyo claimed to be the protagonist of this incident, stating that he saw the slippage warning but thought "it should be fine" and still proceeded with the transaction, calling it the "second worst trade" he had ever made.