Crypto trader gets sandwich attacked in stablecoin swap, loses $215K

⁠Crypto Trader Falls Victim To Sandwich Attack

Security issues continue to test systems and traders in the rapidly evolving field of distributed finance (DeFi).   A sandwich attack on a stablecoin swap on Uniswap cost a cryptocurrency trader $215,500, highlighting the risks in this space. The trader attempted to exchange USD Coin (USDC), worth $220,764, for Tether (USDT) on Uniswap, a renowned distributed exchange (DEX), expressing gratitude for the event.  However, when the sandwich assault…

$220,764 Stablecoin Swap Ends in Disaster for DeFi Trader

A cryptocurrency trader lost over $215,000 in a sandwich attack while swapping USD Coin for Tether on Uniswap v3.

Crypto trader gets sandwich attacked in stablecoin swap, loses $215K – #CryptoUpdatesGNIT

A crypto trader fell victim to a sandwich attack while making a $220,764 stablecoin transfer on March 12 — losing almost 98% of its value to a Maximum Extractable Value (MEV) bot. $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. Data from Ethereum block explorer shows the MEV attack occurred on decentralized excha…

Crypto Trader Suffers $215K Loss in Sandwich Attack During Stablecoin Swap

A cryptocurrency trader recently suffered a significant loss of at least 215,000 stablecoins due to a sophisticated attack known as the “sandwich attack”. This incident sheds light on the vulnerabilities that traders face in the world of decentralized finance (DeFi). The trader fell victim to a tactic where an attacker places two simultaneous trades around a specific transaction, “sandwiching” the targeted trade to manipulate the price in their …

Crypto trader gets sandwich attacked in stablecoin swap, loses $215K

A crypto trader fell victim to a sandwich attack while making a $220,764 stablecoin transfer on March 12 — losing almost 98% of its value to a Maximum Extractable Value (MEV) bot.$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.Data from Ethereum block explorer shows the MEV attack occurred on decentralized exchang…

A cryptographic merchant was the victim of a sandwich attack while carrying out a stablecoin transfer of $220,764 on March 12, losing almost 98% of its value to a removable maximum value bot (MEV). The value of $220,764 in the USD currency stablecoin (USDC) was exchanged to $ [...] Crypto Trader entry receives a sandwich attacked in stablecoin swap, loses $ 215k was first published in La Cryptocurrency.