🤡 Alameda Research liquidators suffered a loss of at least $11.5 million in the liquidation process

They committed actions that led to the liquidation of a number of assets on DeFi platforms. Apparently, this is due to a lack of understanding of the work of DeFi protocols.

1️⃣ For example, they recently transferred 7M USDC and 4M DAI from the Aave lending platform to a separate account. This provoked a high risk of liquidation of the remaining position, as a result of which it was sold.

2️⃣ Another example: the liquidators tried to close a loan position, but mistakenly removed the collateral. As a result, 4.05 WBTC were liquidated.