Some MEV Bots Attacked, Losing Over $20 Million

Some MEV Bots Attacked, Losing Over $20 Million

According to Twitter user 3155.eth, some MEV bots have been targeted by hackers. The hackers replaced some of the MEV bots' trading modules, making the sandwich arbitrage impossible. According to Peckshield, the attack has so far caused more than $25 million in losses. 

The MEV bot earned from sandwich arbitrage. Sandwich arbitrage, also known as a sandwich attack, is an act that uses preemptive trading to attack a victim's trade orders for arbitrage purposes.

3155.eth also said that the attack may have been a well-planned one, as the hacker had become a validator 18 days ago and prepared the tokens 16 days ago.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Security Incidents

Related News
Mixin: Compensation Ratios for $BTC, $ETH, and $USDT are 90%, 30%, and 10% Respectively Mixin: Compensation Ratios for $BTC, $ETH, and $USDT are 90%, 30%, and 10% Respectively
HTX (Huobi) Hacked for $8M and Has Fully Covered the Losses HTX (Huobi) Hacked for $8M and Has Fully Covered the Losses
Mixin Founder Feng Xiaodong: Will Compensate Up to 50% of Losses Mixin Founder Feng Xiaodong: Will Compensate Up to 50% of Losses
Mixin Network Cloud Service Provider Database was Attacked, Funds Involved about $200M Mixin Network Cloud Service Provider Database was Attacked, Funds Involved about $200M
CoinEx Resumes Deposits and Withdrawals for $BTC, $ETH and More CoinEx Resumes Deposits and Withdrawals for $BTC, $ETH and More
Latest News More More
Crypto Exchange Kraken Plans to Offer Stock Trading in US and UK
3 Hours Ago Ethereum Network Explorer Rated Labs Raised $12.9M, Led by Archetype
5 Hours Ago Chaos Labs Proposes to Allocate $20M $DYDX Tokens to v4 Early Users
7 Hours Ago $ETH Price Breaks $1,611.61, Up 1.29% Over Last 24 Hours
7 Hours Ago $GLMR Price Went Up 15.47% Over the Last 24 Hours
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open