13/10/2023
In a panic due to the USDR depeg, an unknown user exchanged 131 thousand USDR for 0 USDC. Zero. The trader used the OpenOcean service — it is not known exactly how such an error occurred, but the user may have set the maximum slippage. What was used by the arbitration MEV bot, which intercepted the transaction and earned $100,000 from it.
This is the decentralized future of finance 🤷♀️.