DeFi trader hit by MEV attack swapped 440K USDC for just 10K USDT
Author: Content Editor
Two decentralized finance (DeFi) platforms experienced liquidity issues with different consequences. On Uniswap V3, three swaps of USDC stablecoin resulted in the loss of over 10,000 USDT due to a maximum extractable volume (MEV) bot, potentially from the same individual. The MEV bot manipulated the price of assets in the pool, profiting approximately $200,000. Meanwhile, on-chain leverage trading exchange Hyperliquid faced a loss of $4 million after a trader made a profit of $1.8 million on a 50x leverage ETH long, leading to a liquidation event and prompting a reduction in maximum leverage offered on ETH.
