Traders swapped $732,000 for only $19,000 in the Uniswap V3 sandwich attack involving encryption.

A cryptocurrency trader had $732,000 swapped for only $19,000 while trading through Uniswap V3's USDC-USDT liquidity pool on Wednesday, possibly a large-scale sandwich attack. DeFi researcher Michael Nadeau stated that MEV bots caused price discrepancies between two Stable Coins that should peg at $1 through front-running transactions and also by alerting the block builder bobTheBuilder to prioritize processing this transaction. Some DeFiLlama developers suspect these transactions may be for Money Laundering, especially when it involves illegal funds from North Korea, by constructing MEV actionable trades, exploiting MEV bots for Arbitrage, and laundering funds.(TheBlcok)