The recent exploit faced by the Ethereum Foundation on the decentralized finance (DeFi) platform Uniswap V3 casts a spotlight on the burgeoning issue of Sandwich attacks orchestrated by MEV (Miner Extractable Value) Bots within the blockchain and cryptocurrency domain. According to data unveiled by EigenPhi and shared by WuBlockchain, during a transaction that occurred at 16:18 UTC+8, the Ethereum Foundation endeavored to sell 1,700 ETH on Uniswap V3. However, this transaction was exploited by an MEV Bot, resulting in a loss of $9,101 for the Ethereum Foundation, while the MEV Bot was able to secure a profit of $4,060 after deducting the cost. The malevolent MEV Bot, denoted as (0x00…6B40), tactically capitalized on the transaction, shedding light on the imperative need for fortified security measures to avert such financial predations in the future.
The transaction conducted by the Ethereum Foundation on Uniswap V3 fetched a…
