DeFi trader hit by MEV attack swapped 440K USDC for just 10K USDT
DeFi trader hit by MEV attack swapped 440K USDC for just 10K USDT Liquidity issues affected users on two decentralized finance (DeFi) platforms today, though for different reasons and with widely differing consequences. In what appears to be user error, three sizable swaps of 220,000, 131,000, and 91,000 of Circle’s USDC stablecoin netted a total of just over 10,000 tethers (USDT) after falling victim to a maximum extractable volume (MEV) bot. The swaps, made via the Uniswap V3 decentralized exchange, were flagged by blockchain security firm Peckshield, which regularly alerts the DeFi community to hacks, phishing attacks, and suspicious transactions. #PeckShieldAlert 220K $USDC -> 5K $USDT pic.twitter.com/dHnMyzxdea — PeckShieldAlert (@PeckShieldAlert) March 12, 2025 Read more: MEV bot to return $7.5M if Rho Markets admits to oracle error While the three affected transactions all come from distinct addresses, a brief look at their transaction hist...