1/10 Who was the biggest victim of Sandwich #MEV yesterday? It's a Token Millionaire who's been receiving more than $10M $USDT. zapper.fi/account/0xbbc5… Image
2/10 The whale swapped more than $6.1M $USDT for $WETH and became the 😢 of 🥪 , losing $21,357.53. eigenphi.io/ethereum/tx/0x… Image
3/10 The 👿 used ( $WETH , $aWETH , $variableDebtUSDC , $USDC , $aUSDC , $USDT ) for the attack. We have dissected this MO in this post: How to Use AAVE Loan to Launch a Sandwich MEV Attack?
eigenphi.substack.com/p/aave-loan-sa…
4/10 But the biggest profit for the searchers was from another 🥪 . #MEV made $6.2K as profit while caused trader losing $10,866.73 using ( $variableDebtWETH , $aUSDC , $WETH , $USDC , $aWETH ). Source: @Eigenphi eigenphi.io/ethereum/tx/0x…
5/10 The victim. who is a CDP Creator, tried to swap 400 $WETH for $USDC. The most amazing thing is that this 🐳 is not like the mentioned one being a first-time victim. During the last 30 days, the poor guy lost $114K on 22 🥪 and got attacked by 6 👿 . ImageImageImage
6/10 Moreover, he or she has been repeatedly squeezed, 59 times, during the past year. All the misery can be found here on EigenPhi's victim profile detail: eigenphi.io/ethereum/sandw… Image
7/10 In general, Sandwich #MEV's daily volume increased over 43% to $470M. User loss reached $260K with a 17.6% increase. Image
8/10 The 🔥🔥🔥 liquidity pool is this one: 🚨 MEV time in #Curve.fi LP on #Ethereum: #USDT/#WBTC. Top transaction: #MEV🤖 made $11,463.35 through a #Sandwich eigenphi.io/ethereum/lp/0x…
9/10 And the 🔥🔥🔥 Token on #Ethereum: $FRAX.
Top LP: #FXS/#FRAX.
Top transaction: #MEV🤖 made $17,821.28 through an #Arbitrage. eigenphi.io/ethereum/token…
10/10 I hope you've found this thread helpful.
For more reports on yesterday's 🥪: eigenphi.io/ethereum/daily…
The overall #MEV status: eigenphi.io/ethereum/daily…
Interested in #BNBChain's MEV and arbitrages? Go to: eigenphi.io/bsc/dailyRepor…
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More from @Eigenphi

Aug 18
1/11 Token front-running was common at Coinbase crypto exchange, and Hasu's deleted tweet suggested MakerDao suffered from EMO governance.DeFi Daily Digest 2022-08-18: More Front-Running on Coinbase, and MakerDao's $400M Bank Run.
eigenphi.substack.com/p/defi-daily-d…
2/11 Security

1️⃣ A New Study found suspicious trading like insider trading or front-running around 10% to 25% of new crypto listings coindesk.com/business/2022/….
3/11 Market

1️⃣ Coingecko has released a new ‘Tokenomics’ tab that will allow users to quickly see a protocol’s tokenomics .
Here is the tracker docs.google.com/spreadsheets/d….
Read 11 tweets
Aug 18
1/10 Yesterday must have been an awful day for rich token holders, as the top 3 victims of the day are all Token Millionaires. ImageImageImageImage
2/10 The Token Millionaire with $10M in holdings has suffered heavy loss in the last 7 days. It was squeezed for $399,46 in 16 🥪s while losing $18,789 in yesterday's 🥪.
eigenphi.io/ethereum/sandw… Image
3/10 This 🥪 was also the top tx of the day, bringing the 😈 over $5,632 in profits.
eigenphi.io/ethereum/tx/0x… Image
Read 10 tweets
Aug 18
1/6 Today let's work on a classic #arbitrage that @_bout3fiddy_ contributed to our #AwesomeTx bounty.

In this tx, the 🕵️‍♂️ earned over $252,578.9 while paying over 720 $ETH as miner tips, using 4 tokens ($WETH, $USDT, $USDC, $DAI) in 3 venues.

eigenphi.io/ethereum/tx/0x…
2/6 Here's how the searcher🕵️‍♂️ made this:
1) The 🕵️‍♂️ sent 4,700 $WETH from Balancer Vault to a Curve LP 0xd51a (Step 0,1 in the figure) and swapped the money for 6,075,210 $USDT (Step 2). Image
3/6
2) After receiving the $USDT, the 🕵️‍♂️ swapped only 6,074,603 $USDT for $USDC in another Curve LP 0xbebc (3,4), remaining 607 $USDT.

3) Then, 6,065,352 from 6,065,959 $USDC was swapped to 5,606 $WETH through Uniwap V2 (5,6), during which the searcher reserved 607 $USDC. Image
Read 6 tweets
Aug 17
1/9 The top 🥪 became breakfast in the morning, marking a productive start to the day.

eigenphi.io/ethereum/tx/0x… Image
2/9 The 😢 of this 🥪, also the biggest victim of the day, was a Tornado Cash Withdrawer.
eigenphi.io/ethereum/sandw…
It lost $11,840 in the attack when swapping 895.95 $WETH for $renBTC.
However, the #MEV 🤖 only earned $4,259, since it paid $7,580 to the DEX and miners 🔨. Image
3/9 A consequence of the 🥪 was the rise of $renBTC, which became the hottest token yesterday.
Top LP: a $WETH/$renBTC pool.
eigenphi.io/ethereum/token… Image
Read 9 tweets
Aug 17
MEV market is constantly changing. The arb window is usually gone in minutes, even secs. Receiving the latest arb tx can be crucial for searchers. So is big whales' trading creating arb alpha. Don't want to miss these? Follow our 🚨 :
Here are some of the large amounts of deposits and borrows.
Of course, it always gives you the latest 🥪 ⚠️ ❗
Read 4 tweets
Aug 17
How to use flash loans to capitalize from an #arbitrage? Let's take a look at this transaction, where #MEV 🤖 earned 1,180 $USDC.
etherscan.io/tx/0x38f9508ce…

#1 Image
Let's start with the roles involved in the transaction:
• From: an EOA account, 0xffFf14106945bCB267B34711c416AA3085B8865F.
• To: MEV 🤖, 0xEdE2faFBa9e23418485f49f052D0e1d332853E0F.
• 0x1ce9: an EOA account, 0x1ce943e573041463202090cf662490c95585a046.

#2
And protocols:
@dYdX Solo Margin: a decentralized trading platform.
• 1inch/1inch V4 Router: DeFi exchange aggregator.
• Uniswap V3: a DEX/AMM.
• MakerDAO PSM/DssPsm: Maker's Peg Stability Module.
• Curve Pool: an exchange liquidity pool on Ethereum.

#3
Read 9 tweets

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