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  • Uniswap is under attack: Sandwich method led to a leak of $ 25.2 million in assets

    Cryptocurrency exchange lost millions of dollars due to security vulnerabilities.

    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:

    $7,461 WETH ($13.4 million)
    $5.3M
    3 million USDT
    65 $WBTC ($1.8 million)
    $1.7M DAI

    Security agency PeckShield also reported the hack. During the investigation, experts were able to determine where the stolen funds were transferred - eight addresses on the KuCoin exchange were involved.

    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.

    Author DeepWeb
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