{"id":124949,"date":"2025-03-13T01:16:05","date_gmt":"2025-03-13T01:16:05","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=124949"},"modified":"2025-03-13T01:16:05","modified_gmt":"2025-03-13T01:16:05","slug":"crypto-trader-gets-sandwich-attacked-in-stablecoin-swap-loses-215k","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=124949","title":{"rendered":"Crypto trader gets sandwich attacked in stablecoin swap, loses $215K"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsA crypto trader fell victim to a sandwich attack while making a $220,764 stablecoin transfer on March 12 \u2014 losing almost 98% of its value to a Maximum Extractable Value (MEV) bot.<br \/>\n$220,764 worth of the USD Coin (USDC) stablecoin was swapped to $5,271 of Tether (USDT) in eight seconds as the MEV bot successfully front-ran the transaction, banking over $215,500.<br \/>\nData from Ethereum block explorer shows the MEV attack occurred on decentralized exchange Uniswap v3\u2019s USDC-USDT liquidity pool, where $19.8 million worth of value is locked.<br \/>\nDetails of the sandwich attack transaction. Source: EtherscanThe MEV bot front-ran the transaction by swapping all the USDC liquidity out of the Uniswap v3 USDC-USDT pool and then put it back in after the transaction was executed, according to founder of The DeFi Report Michael Nadeau.<br \/>\nThe attacker tipped Ethereum block builder \u201cbob-the-builder.eth\u201d $200,000 from the $220,764 swap and profited $8,000 themselves, Nadeau said.<br \/>\nDeFi researcher \u201cDeFiac\u201d speculates the same trader using different wallets has fallen victim to a total of six sandwich attacks, citing \u201cinternal tools.\u201d They pointed out that all funds traveled from borrowing and lending protocol Aave before being deposited on Uniswap.<br \/>\nTwo of the wallets fell victim to an MEV bot sandwich attack on March 12 at around 9:00 am UTC. Ethereum wallet addresses \u201c0xDDe\u202642a6D\u201d and \u201c0x999\u20261D215\u201d were sandwich attacked for $138,838 and $128,003 in transactions that occurred three to four minutes earlier.<br \/>\nBoth transactors made the same swap in the Uniswap v3 liquidity pool as the trader who made the $220,762 transfer.\u00a0<br \/>\nOthers speculate the trades could be attempts at money laundering.<br \/>\n\u201cIf you have NK illicit funds you could construct a very mev-able tx, then privately send it to a mev bot and have them arb it in a bundle,\u201d said founder of crypto data dashboard DefiLlama, 0xngmi.<br \/>\n\u201cThat way you wash all the money with close to 0 losses.\u201d<br \/>\nRelated: THORChain at crossroads: Decentralization clashes with illicit activity<br \/>\nWhile initially criticizing Uniswap, Nadeau later acknowledged that the transactions didn\u2019t come from Uniswap&#8217;s front end, which has MEV protection and default slippage settings.<br \/>\nNadeau backtracked on those criticisms after Uniswap CEO Hayden Adams and others clarified the protections Uniswap has in place to fight against sandwich attacks.<br \/>\nSource: Hayden AdamsMagazine: Crypto fans are obsessed with longevity and biohacking: Here\u2019s why<a href=\"https:\/\/cointelegraph.com\/news\/crypto-trader-loses-least-215000-stablecoins-from-sandwich-attack?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsA crypto trader fell victim to a sandwich attack while making a $220,764 stablecoin transfer on March 12 \u2014 losing almost 98% of its value to a Maximum&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124949"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124949"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124949\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124949"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}