8 Addresses Stole Assets Worth $25.2 Million from 8 Uniswap Liquidity Pools

DeFi platform Uniswap faces a “sandwich attack” where 8 addresses stole assets worth $25.2 Million from 8 of its liquidity pools.

Attackers took advantage of the flaw in the Uniswap smart contract. They conducts a sandwich attack by searching for a pending transaction on the network of their choice. By placing an order immediately before the transaction and another immediately after it, sandwiching is accomplished to rig the price of assets.

8 addresses stole $25.2M assets from 8 #Uniswap pools by #Sandwich attacking.

Including:
– 7,461 $WETH ($13.4M)
– 5.3M $USDC
– 3M $USDT
– 65 $WBTC ($1.8M)
– 1.7M $DAI

And these 8 addresses are funded by @kucoincom. pic.twitter.com/T769G8TgbI
— Lookonchain (@lookonchain) April 3, 2023

The attacker(s) stole 7,461 $WETH worth $13.4M, 5.3M $USDC, 3M $USDT, 65 $WBTC worth $1.8M, and 1.7M $DAI. LookonChain reported that these 8 addresses are funded by KuCoin.

This reminds the danger posed by Miner Extractable Value (MEV) bots on the crypto ecosystem which may result in changes to the system as a whole.

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