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A Misleading Sale of Curve LP Token Worth $2 Million

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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 …

A Misleading Sale of Curve LP Token Worth $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.

Lookonchain: 0x8ff0 The wrong starting address sold Curve LP tokens and caused a loss of $2 million

Analysis based on this information:


The report reveals that Lookonchain, a monitoring platform, has identified a misleading sale of Curve LP token valued at US $2 million. The token was sold at an address starting with 0x8ff0 through KyberSwap, and only a meager amount of 0.05 USDTs was obtained, which indicates the likelihood of a scam. Moreover, the report also identifies the use of an MEV robot contract with the starting address of 0xd8. This contract facilitated the payment of 23.79 Ethereum to the verifier and the use of 1.45 USDC for obtaining the LP token.

The sale of Curve LP token through KyberSwap appears to be fraudulent considering the significant difference between its value and the amount that was received. It is evident that the user who sold the LP token was not aware of its real value, or there is the possibility of an unauthorized transfer. However, the report does not provide information about the identity of the user, making it difficult to determine the cause behind the misleading sale.

Another crucial aspect of the report is the mention of an MEV robot contract with the starting address of 0xd8. These contracts are designed to facilitate the extraction of the maximum value from a blockchain, and they have been used extensively to obtain profits from flash loans and other low-risk transactions. However, the use of such contracts could also be used to exploit vulnerable systems by performing illegal transactions or creating arbitrage opportunities.

According to CyberSwap, the user has been contacted, and an investigation is ongoing to determine the cause of the misleading sale. It is essential to conduct a thorough investigation to ensure the protection of investors’ funds and prevent fraudulent activities in the future.

In conclusion, the report highlights the potential risks associated with the sale of cryptocurrency tokens through decentralized exchanges. It also emphasizes the need for monitoring platforms and regulatory bodies to protect investors’ funds and identity. The use of MEV robot contracts is also a significant concern that requires monitoring and regulation to prevent illegal activities.

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