The address that had previously lost approximately $1.1 million in a sandwich attack also lost $249,000 worth of OP
According to Scam Sniffer monitoring data, the address that previously suffered a loss of about $1.1 million due to a sandwich attack also lost $249,000 worth of OP. As of now, the scammers have stolen $1.79 million in the past 30 hours.
New Study Reveals 30 Oracle Manipulation Incidents, Sandwich Attacks Lower Execution Prices by 5.93% in DeFi Market
A recent study highlights significant market misconduct in the DeFi sector. Data indicates that there have been at least 30 instances of price oracle manipulation. Sandwich attacks have led to an average decline in liquidity buyers' execution prices by 5.93%, while just-in-time liquidity attacks have resulted in an 85% decrease in liquidity providers' shares in pools, significantly impacting participants' financial interests. For more details, see: Xiong, X. et al. (2023). "Market Misconduct in Decentralized Finance (DeFi): Analysis, Regulatory Challenges and Policy Implications".
Sandwich Attacks: Are You on the Menu?
Explanation of “front running” risks in crypto and how to avoid them
