Alameda's liquidators could have prevented $4 million of the losses, according to Arkham Intelligence.
In a series of tweets on Monday, Arkham said Alameda incurred a massive loss on decentralized finance lending protocol
According to the tweets, the removal of assets from the active position of AAVE to Optimism placed the company’s position at a “dangerously close risk of liquidation.”The move eventually resulted in $11.4 million in USDC being sold off to liquidation bots on Optimism. At the same time, the AAVE treasury received $100,000 as liquidation tax, with the company losing more than $1 million on January 14, 2023.
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