A Uniswap (UNI) user lost 700 thousand dollars to the MEV (Maximal extractable value) Bot due to his wrong transaction.
Shortly before Uniswap V3 When a user trying to create a liquidity pool enters wrong values, within seconds from 700 thousand dollars happened. According to the on-chain analysis firm Arkham Intelligence, bots that realize that the transaction is being carried out live, compete with each other and destroy the user’s belongings. Curve Finance (CRV) their assets WBTC‘eat transformed.
The earliest bot to act in total WBTC worth $1.56 million in return by adding it to the liquidity pool 1.56 million CRV took. But one of these MRV Bots needs validators to carry out the transaction before the others. $527,000 just by paying $260 profit was able to.
MEV bots have also victimized users who made incorrect transactions in the past period. However, these bots, which do not only focus on erroneous transactions and also carry out unexpected arbitrages, have previously caused trouble for the Ethereum Foundation.