{"id":86633,"date":"2023-11-06T11:16:53","date_gmt":"2023-11-06T09:16:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86633"},"modified":"2025-09-13T06:49:41","modified_gmt":"2025-09-13T03:49:41","slug":"uniswap-liquidity-pool-user-loses-over-700000-after-mev-bot-surge-likely-due-to-misconfiguration","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/uniswap-liquidity-pool-user-loses-over-700000-after-mev-bot-surge-likely-due-to-misconfiguration\/","title":{"rendered":"Uniswap liquidity pool user loses over $700,000 after MEV-bot surge, likely due to misconfiguration"},"content":{"rendered":"<p>The user who created the Uniswap liquidity pool lost over $700,000 in seconds after an influx of <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-mev-in-ethereum\">MEV<\/a>-bots, likely caused by a misconfiguration. <a href=\"https:\/\/etherscan.io\/tx\/0x1114432ef38437dde663aeb868f553e0ec0ca973120e472687957223efeda331\">on-chain data<\/a> shows this.<\/p>\n<p>It appears the pool owner mixed up values and set the price of the CRV token at $1 (as of writing, it trades at about $0.53).<\/p>\n<p>After adding liquidity in the form of 45 <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-wrapped-token\">wrapped<\/a> bitcoins (wBTC) worth about $1.56 million, arbitrage bots almost instantly bought the coins. In exchange, the user received only 1.56 million CRV, which were worth about $850,000.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">MEV Bots instantly rushed the pool to swap CRV for valuable WBTC \u2014 with the first bot making off with $1.36M in WBTC for only $730K in CRV.<\/p>\n<p>But the bot only netted ~$260, paying $527K of ETH to the validator just to make this transaction.<\/p>\n<p>Tough luck! <a href=\"https:\/\/t.co\/3JbVwhwYoj\">pic.twitter.com\/3JbVwhwYoj<\/a><\/p>\n<p>\u2014 Arkham (@ArkhamIntel) <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1720798847763394848?ref_src=twsrc%5Etfw\">November 4, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cMEV bots instantly rushed into the pool to swap CRV for valuable WBTC: the first bot walked away with $1.36M in WBTC, swapping them for only $730,000 in CRV. But the bot netted only about $260, having paid the validator $527,000 in ETH. Tough luck, like a drowning man,\u201d \u2014 Arkham analysts noted.<\/p>\n<\/blockquote>\n<p>Such incidents have recently become not uncommon. On October 11, an unknown user <a href=\"https:\/\/u1f987.com\/en\/news\/unknown-trader-swaps-131350-in-usdr-for-0-in-usdc-as-usdr-depegs\">exchanged $131,350<\/a> in the de-pegged stablecoin USDR for less than 0.0001 USDC.<\/p>\n<p>On the same day, another MEV bot on BNB Chain <a href=\"https:\/\/u1f987.com\/en\/news\/mev-bot-nets-1-575m-from-a-4-attack\">earned $1.575 million<\/a> thanks to an attack costing only $4.16.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The user who created the Uniswap liquidity pool lost over $700,000 in seconds after an influx of MEV-bots, likely due to a misconfiguration.<\/p>\n","protected":false},"author":1,"featured_media":86634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1227,1231],"class_list":["post-86633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-transactions","tag-mev"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=86633"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86633\/revisions"}],"predecessor-version":[{"id":86635,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86633\/revisions\/86635"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/86634"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=86633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=86633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=86633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}