How a bot stole 107K user funds during DEPEG of stable coin REAL USD
Real USD a stable coin was recently depegged to all liquidity being removed. This had dire consequences as a user Panic swapped all his stable coins to USDC . unfortunately a MEV took advantage of the situation and gained 100% of his funds. The user swapping his USDR coins to USDC receives exactly 0 USDC The MEV bot sandwiching itself and receiving 107,000 of users funds The Bots final holdings. Edit 1 : Misleading title. It was a MEV bot that front-ran a transaction with 100% slippage tolerance. thanks to u/sebmad7 in the comments for pointing it out. submitted by /u/Affectionate_Hand_76 |