Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Uniswap V3 User Mistakenly Loses Over $700,000 in Liquidity Pool Transaction

Uniswap V3 User Mistakenly Loses Over $700,000 in Liquidity Pool Transaction

CointimeCointime2023/11/04 15:54
By:Cointime

This morning, a Uniswap V3 user lost over $700,000 in just 12 seconds due to an MEV-related transaction. The user mistakenly added $1.56 million worth of wrapped BTC to a liquidity pool, thinking it was worth the same as the Curve DAO token (CRV) in USD. However, they received 1.56 million CRV in return, which was only worth around $850,000 at the time. MEV bots took advantage of the situation, but the most successful only made a profit of around $260 after paying a $527,000 bribe to validators. Mistakes like this are not uncommon in the crypto world and are often referred to as "fat finger" errors.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

What it’s going to take to hit $100K

MicroStrategy announced that it purchased 55,500 bitcoin last week, but that didn’t quite push BTC over the 6-figure edge

Blockworks2024/11/25 22:55

Why analysts are upping price targets for MSTR and COIN

MSTR shares hovered around $402 at 2 pm ET Monday — down 4.7% on the day but up 70% from a month ago

Blockworks2024/11/25 22:55