On March 12, a crypto dealer misplaced over $215,000 in a sandwich assault whereas swapping stablecoins.
Michael Nadeau, The DeFi Report founder, reported in a submit on X that the dealer tried to alternate $220,764 in USD Coin
The bot took benefit of the Uniswap v3
$227.37M
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In response to Nadeau, the attacker despatched $200,000 to an Ethereum
Initially, Nadeau criticized Uniswap, suggesting the platform’s design allowed these assaults to occur. Nonetheless, after discussions with Uniswap CEO Hayden Adams and different group members, he acknowledged that the exploited transactions didn’t originate from Uniswap’s official entrance finish.
A blockchain knowledgeable referred to as @TheDEFIac on X identified that the identical dealer, or somebody utilizing a number of wallets in an analogous approach, had been caught in a minimum of six sandwich assaults. All these transactions adopted the identical route—funds borrowed from Aave
Two of those incidents occurred on the identical day, with totally different wallets shedding $138,838 and $128,003 in separate swaps. Each transactions occurred inside minutes of one another and adopted the identical sample because the bigger $220,764 loss.
Not too long ago, Kaspersky reported that cybercriminals used a crypto-mining malware known as SilentCryptoMiner to focus on YouTube creators. How? Learn the total story.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Conflict II period.
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