On October 11, an unknown trader exchanged $131,350 in the coin for less than 0.0001 USDC amid the loss of the stablecoin Real USD (USDR) peg.
Someone swapped 130,000 $USDR for 0.0001 $USDC
DIRECT pic.twitter.com/YPjcUC4vzS
— Rekt Fencer (@rektfencer) October 11, 2023
In addition, he paid a transaction fee of 0.0012 BNB ($0.25).
On October 11, the USDR unexpectedly lost about half its value. Presumably, this was due to a wave of asset redemptions. At the time of writing, the price of the “stable coin” issued on the BNB Chain network is $0.53.
Data: CoinGecko.
Lookonchain analysts admitted that the trader made a mistake during the panic sale of USDR through the DeFi aggregator OceanSwap.
“However, the MEV bot successfully conducted arbitration in the amount of $107,000,” the experts added.
Due to the decoupling of the stablecoin USDR, this guy accidentally swapped 131,350 $USDR for 0 $USDC while panic selling $USDR.
And a MEV bot successfully arbitraged $107K.https://t.co/FHOJtaGcSDhttps://t.co/IYtoqar29N pic.twitter.com/USLF1qkVDK
— Lookonchain (@lookonchain) October 12, 2023
Let’s remember that on the same day, another MEV bot on BNB Chain earned $1.575 million thanks to an attack that cost only $4.16.
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2023-10-13 07:18:21
#unknown #person #exchanged #USDR #USDC
