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Crypto trader swaps $733,000 for just $19,000 in large sandwich attack
A cryptocurrency trader appears to have swapped $732,000 for just $19,000 on Wednesday, potentially the result of a large sandwich attack, according to onchain data. The event has attracted significant attention on X due to the large amount of money at play and odd nature of the losses. "Unknown entity got sandwiched for 714k today on six separate USDC -> USDT swaps," user TheDEFIac posted to X. "They swapped 732583.429405 USDC for 18636.232611 USDT." The trader was using a USDC-USDT liquidity pool on Uniswap V3, which is one of the most liquid trading pools for stablecoins. According to DeFi researcher Michael ... (full story)
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- Posted: Mar 12, 2025 4:48pm
- Submitted by:Category: Entertainment NewsComments: 0 / Views: 330
