When working on my old truck, where every bolt is rusted and rounded off, my preferred technique is to take a 12 point socket a size or two too small and pound it on to the nut. It will actually cut grooves in the nut and allow you to get a pretty good bite. This works well for me in most cases, but for something that large, with that much torque on it, I don't know if you will have much luck...
I feel for you, though. I have been down that road myself too many times.
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