The Ethereum Foundation lost thousands of dollars due to an attack by bots while trying to sell its ETH.
Ethereum Foundation decentralized finance platform (DeFi) Uniswap (UNI) through 2.738 million USD Coin (USDC) in return 1,700 ETH while selling MEV (Maximal extractable value) boat was attacked.
On-chain analysis platform EigenPhi In the data transferred by “Sandwich attack” As a result of this event called Ethereum Foundation lost $9,101. After deducting transaction costs, Mev bot’s earnings are: $4,060 happened.
Ethereum Foundation 9 October at 11.20 CEST It attracted attention by selling 1,700 ETH in its waters.
Most sandwich attacks are from Mev bots or AMMs (Automated market makers) It happens through. In this type of attack, bots attack the victim before and after the procedure by performing two quick operations It literally traps the process and aims to make a profit thanks to the artificial price difference created. Sandwich attacks generally occur on DeFi platforms.