A crypto trader was the victim of a sandwich attack while carrying out a stablecoin transfer of $ 220,764 on March 12 – losing almost 98% of its value to a boot with maximum extractable value (MEV).
$ 220,764 of the USD part
Stablecoin was exchanged at $ 5,271 of attachment
In eight seconds as a successful Bot Mev in the foreground, the transaction is more than $ 215,500.
Data From Ethereum Block Explorer shows that the MEV attack has occurred on the USDC-USDT liquidity bump of the UNISWAP decentralized exchange, where $ 19.8 million value of value is locked.
Details of the sandwich attack transaction. Source: Etherscan
The Bot Mev Bot Ran the transaction by exchanging all the USDC liquidity of the USDC-USDT USDC Pool, then stored after the transaction, according to For the founder of the Defi report Michael Nadeau.
The attacker switched Ethereum Block Builder “Bob–builder.eth” $ 200,000 from the $ 220,764 swap and took advantage of $ 8,000 themselves, said Nadeau.
Defi researcher “Defiac” speculation The same merchant using different wallets was the victim of a total of six sandwich attacks, citing “internal tools”. They sharp That all the funds have traveled the loan and loan protocol before being deposited on Uniswap.
Two of the portfolios were victims of a sandwich attack at the Bot Mev on March 12 around 9:00 am UTC. Ethereum Wallet Addresses “0xdde … 42A6D” and “0x999 … 1D215” were attacked for sandwich for $ 138,838 And $ 128,003 In transactions that occurred three to four minutes earlier.
The two transactors made the same exchange in the UNISWAP V3 liquidity pool as the merchant who made the transfer of $ 220,762.
Others speculate that trades could be attempted money laundering.
“If you have NK illicit funds, you could build a very half TX, then send it privately to a Bot Mev and make them ARP in a package,” said Founder of the Crypto Data Defillama dashboard, 0xngmi.
“In this way, you wash all the money with almost 0 losses.”
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While initially criticizing Uniswap, Nadeau later recognized that transactions do not come from the uniswap frontal, which has MEV protective parameters and default shift.
Nadeau has made income on these criticisms after the CEO of Uniswap, Hayden Adams and others, has clarified the protections that the UNISWAP has in place to fight against sandwich attacks.
Source: Hayden Adams
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Source: cointelegraph.com
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