Uniswap Stablecoin Exchange Hit by $215K "Sandwich Attack" in Just 8 Seconds

In Brief:

A cryptocurrency trader lost over $215,000 due to an MEV (Miner Extractable Value) bot attack on Uniswap V3.

The sandwich attack caused a swap of $220,764 USDC to yield just $5,271 USDT.

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A crypto trader fell victim to a sandwich attack while swapping stablecoins on Uniswap V3, suffering a staggering $215,000 loss in just eight seconds. The attack, orchestrated by a MEV bot, front-ran the transaction, manipulating price slippage to exploit the trader’s order.

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Sandwich attacks occur when malicious bots detect large trades and execute transactions around them, profiting from forced price changes. This latest case highlights the inherent risks of decentralized finance (DeFi) and the need for stronger protections against predatory trading tactics.

Security experts urge traders to use private mempools and anti-MEV tools to avoid falling victim to such high-speed on-chain exploits.

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