Cryptocurrency
[loss] $440,000
Tweet thread by Arkham
Primary Source ↗Financial Loss
$440,000
(440,000 USD)
Blockchain(s)
Ethereum
Incident Details
Some traders hoping to snipe new tokens launched by Poo Finance (yes, really) decided to try to use a MEV bot to snag priority ordering compared to other pending blockchain transactions. They spent a combined 240 ETH ($440,000) to be spent on the tokens and on bribes paid to the bot. However, the bot sent the tokens to the wrong Uniswap pool, ultimately obtaining only 4 ETH ($7,300) of Poo Finance tokens.
Total loss estimated at $440,000.
Technical Details
- Initial Attack Vector
- MEV / sandwich attack
- Vendor / Product
- Malfunctioning MEV bot
Timeline
- 2023-05-27 Breach occurred
- 2023-05-27 Publicly disclosed