Hackers took advantage of Uniswap's security vulnerabilities and were able to withdraw $25.2 million worth of cryptocurrency from the exchange. This was reported by the user @lookonchain on his Twitter account.
The "Sandwich" method was used to carry out the attack. 8 Uniswap pools were under attack.
Among the stolen assets:
The Sandwich attack is used to manipulate prices on decentralized exchanges. As you know, a sandwich attack involves the creation of several transactions that are simultaneously sent to the exchange in order to achieve a price change.
This is not the first time that Uniswap has been attacked. In 2022, the Uniswap v3 protocol faced a phishing attack aimed at collecting personal data in order to steal cryptocurrencies from users' wallets. As a result, the hacker stole $8 million worth of ETH.
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The "Sandwich" method was used to carry out the attack. 8 Uniswap pools were under attack.
Among the stolen assets:
- $7,461 WETH ($13.4 million)
- $5.3M
- 3 million USDT
- 65 $WBTC ($1.8 million)
- $1.7M DAI
The Sandwich attack is used to manipulate prices on decentralized exchanges. As you know, a sandwich attack involves the creation of several transactions that are simultaneously sent to the exchange in order to achieve a price change.
This is not the first time that Uniswap has been attacked. In 2022, the Uniswap v3 protocol faced a phishing attack aimed at collecting personal data in order to steal cryptocurrencies from users' wallets. As a result, the hacker stole $8 million worth of ETH.
Source: You must be logged in to see this link.
