Lookonchain: 0x8ff0 The wrong starting address sold Curve LP tokens and caused a loss of $2 million
According to the report, according to the monitoring of Lookonchain, the 3Crv, a Curve LP token with a value of US $2 million, was wrongly sold at the address beginning of 0x8ff0 through KyberSwap, and only 0.05 USDTs were obtained. The MEV robot contract starting with 0xd8 pays 23.79 Ethereum to the verifier and uses 1.45 USDC to obtain the LP token. CyberSwap said that it had contacted the user and was investigating the event, and will provide the event progress later.
Interpretation of this information:
The message reports that Lookonchain, a monitoring firm, discovered that a Curve LP token worth $2 million was mistakenly sold for only 0.05 USDTs at the address beginning with 0x8ff0 through KyberSwap. Furthermore, the MEV robot contract beginning with 0xd8 offered 23.79 Ethereum to the verifier and utilized 1.45 USDC to obtain the LP token. CyberSwap has stated that it has contacted the user and is investigating the incident, and will offer updates on the situation at a later time.
This message indicates an erroneous transaction that took place on the KyberSwap platform resulting in a significant loss. The value of the Curve LP token priced at $2 million was sold for a trivial amount of 0.05 USDT. Additionally, the MEV robot contract generated 23.79 Ethereum by utilizing 1.45 USDC to acquire the LP token, which highlights the widespread implications of the transaction. This transaction highlights the importance of utilizing monitoring firms like Lookonchain to identify potential irregularities and safeguard platform users from such losses.
Moreover, the message emphasizes the need for prompt action and appropriate measures when such errors occur. CyberSwap made swift corrective arrangements by contacting the user in question and undertaking an internal investigation to identify the source of the issue. CyberSwap’s swift and transparent response is commendable and necessary in maintaining user trust in the platform.
In conclusion, this message emphasizes the importance of monitoring transactions within trading platforms and prompt action when irregularities are detected. The significance of taking preventative measures in safeguarding platform users from experiencing substantial financial loss cannot be understated.
This article and pictures are from the Internet and do not represent 96Coin's position. If you infringe, please contact us to delete:https://www.96coin.com/40579.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.