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An on-chain trader is suspected to have suffered a "sandwich attack", losing more than $700,000
A cryptocurrency trader was trading in Uniswap V3's USDC-USDT liquidity pool on Wednesday when a suspected "sandwich attack" caused his $732,000 USDC to be exchanged for only $18,600 USDT, losing more than $700,000. According to on-chain data analytics, the event may have been initiated by a MEV (Maximum Extractable Value) bot. The bot emptied the liquidity pool by preemptively trading, causing a price imbalance and paying the block builder to prioritize processing...
2025-03-12 20:53:19
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