A crypto trader was victimized by a sandwich attack while making a $ 220,764 Stablecoin Transfer on March 12 – missing almost 98% of its value to a maximum acquired amount (MEV) bot.
$ 220,764 amount of USD coin (USDC) Stablecoin was replaced by Tether’s $ 5,271USDT) In eight seconds as the MEV bot was successfully in front of the transaction, banking over $ 215,500.
Data From Ethereum Block Explorer shows MEV attack that happened to Decentralized exchange UNISWAP V3’s USDC-USDT Liquidity Pool, of which $ 19.8 million worth it of the amount is locked.
Details of the Sandwich attack transaction. Source: Olerscan
MEV BOT front-ran the transaction by replacing all USDC Liquidity outside of Uniswap V3 USDC-USDT Pool And then return it after the transaction has been implemented, According to to the founder of the Defi Michael Nadeau report.
The attacking is dripping ETHEREUM BLOCK BUILDER “Bob-the-builder.eth” $ 200,000 out of $ 220,764 to change and benefit $ 8,000 itself, Nadeau said.
Defi Researcher “Defiac” Speculate The same entrepreneur who uses different wallets have been victimized throughout six sandwich attacks, citing “internal tools.” They are Taught Out that all funds have traveled from borrowing and lending protocol aave before deposit to uniswap.
Two of the wallets were victimized by a MEV bot sandwich attack on March 12 at 9:00 pm UTC. Ethereum wallet addresses “0xdde … 42A6d” and “0x999 … 1D215” is The sandwich was attacked For $ 138,838 and $ 128,003 in transactions that occurred three to four minutes before.
Both transactors make the same replacement to UNISWAP V3 LIQUIDITY POOL As a businessman who made a $ 220,762 transfer.
Others think of trading Money laundering attempts.
“If you have NK funds that you can’t build a very mev-able TX, then it’s private to send it to a MEV bot and insert it into a bundle,” Says Founder of crypto data dashboard defillama, 0xngmi.
“That way you wash all the money closely to 0 losses.”
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While initially criticized Uniswap, Nadeau later identified that the transactions do not come from the front end of the uniswap, with the protection of MEV and Default slippage settings.
Nadeau was back in these criticism after Uniswap CEO Hayden Adams and others clarified the protections that Uniswap was in the area to fight sandwich attacks.
Source: Hayden Adams
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