USDC Investor Shells Out $2M To Receive $0.05 USDT Trying To Evade Crash

Taasavaldanud Platon

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Varsti pärast seda, kui Circle selle paljastas Silicon Valley Bank ei kandnud üle 3.3 miljardit dollarit oma USD mündist (USDC) reservid, vastas turg massilise müügiga — stabiilse mündi lahtisidumine from the U.S. dollar. However, not all investors were lucky enough to walk away with their funds amid the uncertainty.

Kahjude vähendamiseks hakkasid investorid müüma oma USDC žetoone vastutasuks muude stabiilsete müntide, näiteks Tetheri (USDT). Unfortunately, one transaction highlighted by Crypto Twitter member, BowTiedPickle, shows a USDC investor paid over $2 million to receive $0.05 of USDT.

Kuna USDC maksejõuetuse kartused lokkavad, põgenevad kasutajad teistesse tallidesse. Kuid mitte kõik neist ei jõua sinna ühes tükis.

Siit saate teada, kuidas üks õnnetu kasutaja maksis 2,080,468.85 0.05 XNUMX dollarit, et saada XNUMX dollarit USDT. pic.twitter.com/R8YdudWfsV

— BowTiedPickle.eth | Solidity saatja (@BowTiedPickle) Märtsil 11, 2023

On-chain investigations revealed that the user had stored the assets in a liquidity pool (LP) — a popular method to earn passive income in cryptocurrencies. The user could have sold his LP tokens for USDT for a 6% slippage. However, they chose to go for a “questionable ” method. As explained by BowTiedPickle:

"Õnnetu hing kasutas KyberSwapi koondaruuterit, et visata USDT-sse suur klipp 3CRV (DAI/USDC/USDT) LP-märgist."

Given the race against time, the USDC investor forgot to set his slippage, which allows investors to set an exact price of the token for the transaction to go through. He explained the nuances that eventually led to a maximal extractable value (MEV) bot netting $2.045 million in profit after paying $45 in gas and $39,000 in MEV bribes.

*Crypto Twitter member BowTiedPickle provides an overview of how a USDC investor lost over $2 million. Source: Twitter*

The above episode highlights how human error can result in a permanent loss of funds. While cashing out USDC for fiat or other cryptocurrencies, Cointelegraph advises investors to recheck the information and methods of transfer.

Seotud: Breaking: Circle avalikustab 3.3 miljardi dollari, mis on seotud Silicon Valley pangaga

Soon after Circle confirmed that $3.3 billion was stuck with Silicon Valley Bank, a resultant sell-off of USDC caused the stablecoin’s value to drop below its $1 peg.

1/ Pärast tänast kinnitust, et neljapäeval saldode eemaldamiseks algatatud ülekandeid ei ole veel töödeldud, jääb SVB-le umbes 3.3 miljardi dollari suurusest USDC reservist 40 miljardit dollarit.

— ring (@ring) Märtsil 11, 2023