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Crypto Trader Loses $215,000 in MEV Sandwich Attack on Uniswap

  • A crypto trader lost $215,000 in a sandwich attack while swapping stablecoins on Uniswap v3.
  • The MEV bot front-ran the transaction, leaving the victim with only $5,271 (98% loss) in just 8 seconds.
  • Attacker paid block builder 'bob-the-builder.eth' a $200,000 tip and kept $8,000 profit.
  • Same trader may have been attacked 6 times in one day with different wallets, losing over $480,000 in total.
  • Uniswap CEO clarified these transactions didn't use their official interface, which has MEV protection.
  • The attack occurred on Uniswap v3's USDC-USDT liquidity pool, emphasizing the risks of MEV bots in DeFi.
  • The victim started with $220,764 of USDC, ending up with $5,271 in USDT, a 98% loss in value.
  • The MEV bot executed a 'sandwich attack,' manipulating the pool liquidity to profit from the victim's swap.
  • DeFi researcher suggests the trader faced 6 sandwich attacks in a day, losing a total of $480,000.
  • Experts believe these attacks could be linked to money laundering tactics, utilizing MEV vulnerability for illicit purposes.

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