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Error in the sale of 3Crv token

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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 b

Error in the sale of 3Crv token

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 digital currency market has gained an immense amount of traction over the past few years, and the usage and buying of digital currency have been on a constant rise. Blockchain technology has brought about tech-based solutions that help people trade and invest in digital assets easily. However, this convenience does not come without its risks, as highlighted in a report by Lookonchain regarding an erroneous token sale of Curve LP token.

The report indicates that Lookonchain, which is a digital currency monitoring agency, has picked up on an error related to the sale of a 3Crv token via KyberSwap. The initial investment in this token was worth $2 million, but the user did not get the expected returns on this investment. According to the report, the user only received 0.05 USDTs, which indicates that the value of the token sold was significantly lower than expected.

Further investigation by Lookonchain exposed that the error occurred due to the MEV robot contract which involved a 0xd8 smart contract that paid 23.79 Ethereum to the verifier and used 1.45 USDC to obtain the LP token. Based on the transaction history and blockchain data, it was revealed that the contract made changes to the token value, ultimately leading to this major error.

With that, CyberSwap, the platform responsible for trading the token, has said it is investigating the matter and promises to provide updates on the progress of its findings.

The incident highlights the challenges of trading and investing when money is digital and there are significant sums involved. Though blockchain technology offers transparency and security for the transactions, the complexity of the smart contract puts investors at risk of loss. The importance of being cautious and vigilant when investing in digital assets cannot be overstated, and users must only deal with reputable platforms to avoid the potential loss of their investments.

In conclusion, the report from Lookonchain offers critical insight into the risks of digital asset trading, and this error in the sale of Curve LP token only emphasizes the need to be cautious and informed to avoid losses.

Keywords are Lookonchain, 3Crv, Curve LP token, KyberSwap, MEV robot contract, and CyberSwap.

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