User Loses $2M ETH to LIT Arbitrage Exploit on Uniswap
2026-07-06 14:50

Woofun AI reports that a Uniswap user suffered a near $2 million loss after converting 1,126 ETH into 5,776 LIT. GoPlus identified the cause as backrunner arbitrage within the same block, not a sandwich attack. The routing contract directed funds into an AVAIL/WETH pool with minimal liquidity, forcing a purchase at 120 times the fair price. Backrunners then executed reverse trades using minimal AVAIL at market rates, withdrawing approximately 1,072 WETH. Most of these funds, totaling about 1,018 ETH, were sent as builder payments to Titan Builder.

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Tags:
LIT
ETH
WETH
AVAIL
GoPlus
Uniswap
Titan Builder
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