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
The bot took advantage of the Uniswap v3
$120.7M
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According to Nadeau, the attacker sent $200,000 to an Ethereum
Initially, Nadeau criticized Uniswap, suggesting the platform’s design allowed these attacks to happen. However, after discussions with Uniswap CEO Hayden Adams and other community members, he acknowledged that the exploited transactions did not originate from Uniswap’s official front end.
A blockchain expert known as @TheDEFIac on X pointed out that the same trader, or someone using multiple wallets in a similar way, had been caught in at least six sandwich attacks. All these transactions followed the same route—funds borrowed from Aave
Two of these incidents took place on the same day, with different wallets losing $138,838 and $128,003 in separate swaps. Both transactions happened within minutes of each other and followed the same pattern as the larger $220,764 loss.
Recently, Kaspersky reported that cybercriminals used a crypto-mining malware called SilentCryptoMiner to target YouTube creators. How? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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