Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
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

Meta Eyes Stablecoin Payments After Crypto Hiatus

Meta plans to integrate stablecoin payments into its apps, marking a return to crypto after three years.Why Meta Is Betting on Stablecoins

Coinomedia2025/05/09 14:00
Meta Eyes Stablecoin Payments After Crypto Hiatus

Best New Meme Coins to Invest in Now: Troller Cat Set to Jump 20% as Notcoin Holds Ground and Degen Surges

Troller Cat presale surges with ROI projections, while Notcoin and Degen trend in meme coin circles. Learn why these are the best new meme coins to invest in now..Unlocking Massive 69% APY Staking Rewards–Why Troller Cat Is One of the Best New Meme Coins to Invest in NowTelegram’s Favorite Token? Notcoin Climbs as Volume Jumps 13.5%$DEGEN Rally Accelerates With 76% Spike in Daily Trading Activity

Coinomedia2025/05/09 14:00
Best New Meme Coins to Invest in Now: Troller Cat Set to Jump 20% as Notcoin Holds Ground and Degen Surges