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GUSD Minting
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A user on CEX Alpha engaged in wash trading with KOGE, with a single transaction being squeezed for 47,000 USD.
On June 8, according to on-chain analyst Ai Yi (@ai_9684xtpa), a user engaged in wash trading on the CEX Alpha KOGE/USDT trading pair, with a single transaction being squeezed for 47,000 USD. Today, the address “0x927…51721” spent 47,000 USDT due to an MEV attack, only buying 0.009 KOGE, resulting in a cost of 5,181,958 USD per KOGE. Users are reminded not to disable MEV protection.