According to Scam Sniffer monitoring data, the address that previously suffered a loss of about $1.1 million due to a sandwich attack also lost $249,000 worth of OP. As of now, the scammers have stolen $1.79 million in the past 30 hours.

A recent study highlights significant market misconduct in the DeFi sector. Data indicates that there have been at least 30 instances of price oracle manipulation. Sandwich attacks have led to an average decline in liquidity buyers' execution prices by 5.93%, while just-in-time liquidity attacks have resulted in an 85% decrease in liquidity providers' shares in pools, significantly impacting participants' financial interests. For more details, see: Xiong, X. et al. (2023). "Market Misconduct in Decentralized Finance (DeFi): Analysis, Regulatory Challenges and Policy Implications".

Explanation of “front running” risks in crypto and how to avoid them