On March 12, a crypto trader lost over $215,000 in a sandwich attack while swapping stablecoins.
Michael Nadeau, The DeFi Report founder, reported in a post on X that the trader attempted to exchange $220,764 in USD Coin USDC ($1.00) $0.9971 but ended up with just $5,271 in Tether USDT ($1.00) $0.9968 after a maximal extractable value (MEV) bot exploited the transaction.
The bot took advantage of the Uniswap v3 $226.1M USDC-USDT liquidity pool by briefly pulling out the USDC before the trade was executed, only to restore it immediat...
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