Analysis: KOGE was defrauded of $47,000 in a single transaction. The user set a slippage of nearly 50% and did not enable MEV protection.

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ChainCatcher
7 hours ago
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According to ChainCatcher, based on the analysis by X platform user @litangsongyx, today's "KOGE/USDT trade was sandwiched with a loss of $47,000" due to the user setting a nearly 50% slippage and not enabling MEV protection.

The user's single trade volume was $210,000, ultimately receiving KOGE worth $161,000, resulting in a loss of $47,000. Due to the user's massive trade volume, the router split the trade across 3 liquidity pools: $120,000 trade volume used Uniswap V4 liquidity pool; $43,000 trade volume used Uniswap V3 liquidity pool; $47,000 trade volume used PancakeSwap liquidity pool.

When trading through the PancakeSwap liquidity pool, an MEV robot used a $320,000 transaction to push KOGE to an extremely high level, causing the user to complete the trade at an extremely high execution price. After the MEV attack, the user added KOGE tokens to the ZKJ-KOGE liquidity pool to earn fees.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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