#BotOrNot Crypto Trader Falls Victim to MEV Bot Sandwich Attack

A cryptocurrency trader lost nearly 98% of a $220,764 stablecoin transfer to a Maximum Extractable Value (MEV) bot in a sandwich attack. The attack took place on March 12 during a transaction involving USD Coin and Tether on Uniswap v3's liquidity pool. The MEV bot front-ran the trade, profiting over $215,500. The attacker tipped $200,000 to an Ethereum block builder and pocketed $8,000. Speculations suggest the trader experienced multiple sandwich attacks involving Aave and Uniswap. Some believe these transactions could be linked to money laundering attempts. Despite initial criticism, Uniswap CEO clarified the platform's protections against such attacks. This incident highlights the risks associated with decentralized exchanges and the importance of security measures in the crypto space.