1
Uniswap’s code was forked in 2020 and a new decentralized exchange called Sushiswap was created. This exchange eventually drained 55% of Uniswap’s liquidity.
2
Vampire attacks in crypto target both the liquidity and user base of an established DeFi project and can ruin the reputation of the project.
What is Vampire Attack in Crypto
In the crypto space, ‘vampire attack’ is used to describe a situation where a new project drains the liquidity and user base of an established protocol. Crypto vampire attacks can be seen as both a marketing strategy to help new Web3 projects get ahead of their competition and a hack that drains the liquidity of an established network, resulting in losses for investors. Usually, the attacking project is a fork of the established network. To help you understand this better, let’s look at Sushiswap’s attack on Uniswap.
How Did Sushiswap Perform Vampire Attack Uniswap
Uniswap is an open-sourced decentralized exchang
We współpracy z: https://www.thecoinrepublic.com/2023/08/30/what-does-vampire-attacks-mean-in-crypto/
